Senate Minority Leader Mitch McConnell on Wednesday sharply denounced President Obama's recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau.

Elavon, a unit of U.S. Bancorp announced Wednesday a secure payment product that turns mobile devices, such as cell phones, into chip-card payment terminals.

InteliSpend Prepaid Solutions announced Wednesday a Visa-branded prepaid corporate card as an alternative to traditional corporate credit cards.

If Yaron Brook, the president of the Ayn Rand Institute, had his way, the next U.S. president would be former BB&T Corp. Chief Executive John Allison.

SVB Financial Group in Santa Clara, Calif., is expanding its banking unit to Arizona by opening an IT and operations facility in Tempe this year.

The credit card industry's total revenue fell to $154.9 billion in 2011, as borrowing grew sluggishly and issuers struggled to overcome regulatory restrictions, according to advisory firm R.K. Hammer.

Yahoo Inc. named dark-horse candidate Scott Thompson, the president of eBay Inc.'s PayPal division, as its new chief executive.

As 2012 begins, the California Department of Real Estate is still warning consumers to be wary of promises for loan modification, mortgage relief and foreclosure rescue scams as fraudsters to continue prey on vulnerable, financially stressed homeowners.

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A number of analysts and attorneys are convinced that smaller banks will feel the effects of new rules associated with the Dodd-Frank Act.

Publicly traded REIT Two Harbors Investment Corp. is laying the groundwork for a $200 million jumbo MBS deal, partnering with Barclays Bank PLC.

The economy may be crawling back to normal in some sectors, but credit card industry revenue continues to fall, according to one longtime observer.

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PacWest Bancorp in Los Angeles has completed its acquisition of a specialty equipment leasing company from Meridian Bank in Wickenburg, Ariz., for $35 million in cash.

A judge in New York state court Tuesday delivered an important ruling in favor of mortgage-bond insurers in a case over mortgage-backed securities Countrywide Financial had insured by MBIA.

CoBank in Denver has completed its merger with U.S. AgBank in Wichita, Kan., creating an $85 billion cooperative bank in the Farm Credit System.

Three small banks that recently waved the white flag detail why it was better to sell now, take some stock in a bigger company and stop a losing battle for capital and market share. Their proxy filings are a preview of coming attractions.

Fearless forecasts for consumer finance and bank technology in the new year.