Retail & Commercial

Mortgage servicer Ocwen Financial failed four servicing tests in the second half of 2014. Joseph A. Smith Jr., the monitor of the $25 billion national mortgage settlement, said the Atlanta servicer was “beginning to show progress” in complying with terms of the 2012 agreement.

Industry representatives are howling about the lack of consumer benefit from the Durbin amendment, but we still know very little about the impact of the debit fee cap.

Sprint will pay $2.95 million in penalties to settle FTC charges that it failed to give proper notice to consumers who were placed in a program for customers with lower credit scores and charged an extra monthly fee.

More than 6.9 million U.S. residential properties were classified as seriously underwater at the end of the third quarter, a drop from the second quarter and from one year ago.

Furthering efforts to bring virtual currency mainstream, cryptocurrency companies and trade groups are teaming up to create a forum to aid law enforcement in weeding out criminal activity.

The Federal Deposit Insurance Corp. is set to vote Thursday morning on a proposal that would force big banks to bear the assessment burden of growing the agency's federal reserves to a new minimum.

Beneficial Bancorp in Philadelphia has agreed to buy Conestoga Bancorp in Chester Springs, Pa.

Low interest rates continue to constrain growth at TCF Financial in Wayzata, Minn.

Skills Fund, which has raised $11.5 million in seed capital, is one of several lenders targeting students hoping to boost their salaries by quickly learning how to write computer code.

Third-quarter results have been decidedly mixed: while the largest banks have been knocked off balance by volatile markets, many regionals have charged forward.