Michael Williams, the president and chief executive officer of Fannie Mae, announced plans to step down as soon as a successor can be appointed, according to a company filing issued Tuesday to the Securities and Exchange Commission.

Intuit is taking its GoPayment mobile card reader to Canada and is redesigning the product to make it more appealing to use.

W. Edmund Clark, the president and chief executive of Toronto-Dominion Bank, on Tuesday said the down economy should not keep his Toronto-based bank from continuing to grow profits in the U.S.

The retired director of the Center for Consumer Affairs at the University of Wisconsin-Milwaukee says it is unknown if the cap on debit interchange fees will ultimately benefit consumers.

PHH, the nation's largest private mortgage company, has been notified by the Consumer Financial Protection Bureau that it is the subject of an investigation into potentially improper reinsurance payments.

The Federal Reserve on Tuesday disclosed a written agreement with Gold Canyon Bank in Gold Canyon, Arizona.

Peggy Twohig, the Consumer Financial Protection Bureau's associate director for nonbank supervision, canceled her appearance at a bank lawyers' conference "at the last minute," the conference organizers said Tuesday.

Improving credit quality and continued low funding costs lifted Jacksonville Bancorp Inc.'s fourth-quarter profit 5% from the same period in 2010, to $774,000.

Larger banks may feel threatened by the string of new, aggressively priced prepaid cards, but a group of credit unions is attempting to instead embrace this trend by modifying their ATMs to sell fee-free stored-value cards.

Lawyers involved in the big banks' robo-signing practices are finding themselves increasingly targeted by angry homeowners, who are filing complaints with state bar associations.

Chino Commercial Bancorp in California reported fourth-quarter earnings of almost $168,000, three times higher than a year earlier, and year-end income of more than $441,000, about 45% higher than 2010’s results.

Payments processor Total Systems Services Inc. has signed a new agreement with merchant services provider Pivotal Payments Inc., the companies said Tuesday.

HSBC North America Holdings Inc. said Tuesday that it has named a longtime executive its new head of commercial banking for North America.

Nearing a deal with five large mortgage servicers to settle allegations of misconduct relating to foreclosures, the Justice Department is now asking other banks that could face charges of their own if they would like to get in on the settlement.

Virginia Commerce Bank challenged its workers to a weeks-long walking contest to promote health, and the pedometer readings were off the charts.

Hard-pressed to increase revenue, community banks are expected to discuss plans to reduce staff, close branches and purge assets when they report quarterly results.

Intel is using an authentication system from SecureKey Technologies in its Ultrabook computers.

Five community banks, including one in Boston that is a designated community development lender, have received "needs to improve" ratings on their most recent Community Reinvestment Act examinations.

Any thought that Visa Inc. was interested in merchant acquiring quickly dissipated last week, when the card network decided to sell an online merchant portfolio it inherited from a purchase two years ago to Global Payments.