Opinions

NetSpend has learned the hard way that tapping into the vast market of underbanked consumers isn’t so easy. Its revenue failed to meet analysts’ estimates and it lost three distributors.

Supporters say the bill is needed to support the nation's weak housing markets.

The Department of Housing and Urban Development has reached a settlement with Bank of America, which releases the company from liability for failing to provide alternatives to foreclosure on 57,000 delinquent government-insured mortgages.

Banking has become a complicated business, and working with regulators and other outside parties such as auditors and shareholders makes it even more so. Management teams, especially directors, increasingly need simpler tools such as dashboard reports and guidelines rather than complex methodologies and models.

Several prominent economists said too big to fail firms are continuing to distort the economy despite efforts in Dodd-Frank to eliminate the problem.

While Visa is adding new fees and reducing existing ones to entice merchant routing, MasterCard plans to make changes only on a deal-by-deal basis.

Visa Inc. fired the first shot in the post-Durbin pricing war, but MasterCard Worldwide is not ready to pull the trigger, at least not yet.

At a time when megabank mortgage servicers are under siege by regulators and consumer groups for their treatment of customers, a small band of specialty servicers is trying to convince Washington that its members can do better.

At a Senate hearing on the future of U.S. mortgage finance, industry representatives said there are ways to bring more private capital into the market prior to the passage of any overhaul legislation.

Comerica has settled its Experi-Metal hacking case out of court, despite an earlier vow that it would appeal. It's a sign of how new security guidelines are starting to affect banks.