The U.N.'s credit union is enjoying big success with EMV compliant cards. Meanwhile, a new international card crime wave puts more pressure on U.S. banks to offer chip-and-PIN cards, which most of the world considers more secure than magnetic stripe.

Despite declining nonperforming assets, Severn Bancorp Inc. in Annapolis, Md., boosted its loan-loss reserves by $3 million in the second quarter.

It's been difficult to know if the hundreds of billions of dollars of residential loans banks have restructured over the past several quarters are really working. Soon there will be more clarity.

Bank of America Corp., the biggest U.S. lender, has made a preliminary offer to the bond insurer MBIA Inc. aimed at settling a legal dispute tied to defective mortgages, according to two people briefed on the discussions.

James Grant discusses shinplasters and the roots of today's moral hazards.

JPMorgan Chase & Co.'s second-quarter results show that revenue growth without loan growth is possible — if you are JPMorgan Chase.

Two New England thrifts have beefed up their commercial lending operations by hiring teams of bankers from recently acquired banks.

The Chicago area's transit systems have to develop a universal transit fare system commuters could use across three different schemes under legislation signed into law last week. The challenge for the agencies involved is to view one another as a single system.

Richard Berner, a counselor to Treasury Secretary Timothy Geithner, told members of a House Financial Services subcommittee that the new Office of Financial Research is "working diligently to satisfy its statutory mandates and mission."

Warren, now leading the formation of the Consumer Financial Protection Bureau, said while the new regulator reserves the right to halt marketing of financial services that are not consumer-friendly, there is no need for such a prohibition from the outset.

LIVONIA, Mich. – Co-op Services CU has selected CO-OP ATM Managed Services from CO-OP Financial Services to manage its 11 ATMs.

Didn't banks learn from the savings and loan crisis in the early 1990s?

Robert E. Bostrom, executive vice president and general counsel of Freddie Mac, will resign from his post effective July 29.

Foreclosure-related filings fell by almost 30% in the first half, to 1.17 million actions, but it appears much of the drop is attributable to processing and procedural delays, according to figures compiled by RealtyTrac.

Moody's Investors Service said late Wednesday its decision to put the U.S. government's debt on review for possible downgrade could have implications for certain rated residential mortgage products.

ECB Bancorp in Englehard, N.C., announced after the market closed Thursday that it is buying seven branches and $195 million of deposits in North Carolina from Hampton Roads Bancshares Inc. of Norfolk, Va.

Financial Plus Credit Union this week became the first company in the country to sign on to use FiSync, Dwolla's integration tool that shortens the process of linking accounts with the alternative payment provider from days to seconds.

DCB Financial Corp. in Lewis Center, Ohio, is closing a quarter of its branches and cutting 18% of its workforce in the next 90 days, according to a news report.

Shares of Lakeland Bancorp Inc. fell nearly 8% Thursday after the Oak Ridge, N.J., company reported second-quarter earnings that missed analysts' expectations.