A bill by Rep. Spencer Bachus passed overwhelmingly in the House Financial Services Committee to cap senior executives pay at Fannie Mae and Freddie Mac.

American Express and Target are officially launching a prepaid card, in the credit card company's latest effort to expand its prepaid operations. The deal also bulks up Target's financial offerings without requiring the Minneapolis retailer to recommit to its existing bank operations.

SCHENECTADY, N.Y. – Sunmark FCU said it has joined the Universal Sharing Network, the shared branch network in New York.

Royal Bancshares of Pennsylvania Inc. in Narberth said Tuesday that regulators had terminated its July 2009 consent order.

Skip Hageboeck, CEO of City Holding Co., has a clear idea where he wants to go (the I-81 corridor that runs through Virginia) and where he doesn't (the District of Columbia). His pace is slow, one deal every six years, but he's fine with that.

Despite falling house prices and rising claims, the Federal Housing Administration's mortgage insurance fund clung to a slim capital ratio of 0.24% on its book-of-business for the year ending Sept. 30.

County and state officials are turning up the heat on MERS, as recent lawsuits filed in Michigan, Florida, Delaware and Texas challenge the validity and accuracy of the mortgage industry-controlled loan registry.

The company's post-BankAtlantic strategy became clearer this week. It is buying a Florida company that serves the vacation and retirement crowd.

Mercantile Bancorp Inc. in Quincy, Ill., notified the NYSE Amex that it intends to voluntarily delist its common stock.

Hanmi Financial said it is planning to sell 87.5 million common stock shares at 80 cents a share, using a "substantial portion" of the funds to provide capital to its banking unit and to support growth.

American Express, known for its high-end credit and charge cards, is continuing its push into the growing prepaid debit card market through a partnership with Target.

United Community Financial Corp. in Youngstown, Ohio, narrowed its third-quarter loss by 10% from a year earlier, to $8.9 million, due to improved asset quality.

Lawmakers are near a deal to increase the maximum size of mortgage loans that can be insured by the Federal Housing Administration, a crucial source of mortgages for first-time home buyers, congressional aides said Monday.

CHAMBERSBURG, Penn. -- 1st Ed CU is now live on the PaCUSC shared branching network, so its members can now go to other shared branching locations.

Government-issued payment cards can be fraught with peril, provoking the ire of unemployed and disabled consumers and their advocates, who are increasingly sensitive to being charged bank fees of any kind.

Home sales contracts are falling through at twice the rate of last year, according to new figures released by the National Association of Realtors at its annual convention in Anaheim, Calif.

The Federal Housing Administration, which sold more than 102,000 government-owned homes in fiscal 2011, expects to sell that many again in the new fiscal year.

Rampant data breaches have taught consumers that it is not always wise to store payment data with a third party, but soon such behavior may become the safer way to transact.

Valley National Bancorp in Wayne, N.J., said Monday that it had added two of its senior executives to its board.

The outcome of the Consumer Financial Protection Bureau's 'Larger Participant' rule has the potential to level the playing field between the banking industry and an old rival: Wal-Mart.