Retail & Commercial

Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., didn't have to look far to find its permanent chief financial officer.

The Consumer Financial Protection Bureau on Thursday denied an appeal made by several Native American tribal lenders who were seeking to block a civil investigation into their online payday lending practices.

The Federal Housing Administration is facing a bailout for the first time in its almost 80-year history, raising a host of fresh questions about the potential for standalone legislation to the reform the agency.

One PacificCoast Bancorp (OPCB) in Oakland, Calif., has received regulatory approval to acquire a controlling stake in Albina Community Bancorp (ACBC) in Portland, Ore.

The Federal Reserve Board has ordered SunSouth Bancshares of Dothan, Ala., to strengthen its board.

State and federal officials are tightening the screws on online suppliers of payday and installment loans. The question for many such lenders and the banks that handle their transactions is whether the government is out to eliminate fraud or to wipe out the industry. American Banker staffers discuss.

A host of regulatory issues, including new mortgage rules set to take effect in January, assures that Andy Harmening has a busy year ahead of him as the new chairman of the Consumer Bankers Association.

Eleven defendants, including five licensed loan originators, have been indicted for a mortgage fraud scheme that cost lenders $8 million.

The number of foreclosures and "seriously delinquent" loans fell to their lowest levels since the financial crisis started while 90.6% of mortgage portfolios continued to perform well. Still, the number of loans past due by less than 60 days jumped slightly.

A bogus Florida bank is swindling consumers across the country with a fraudulent credit card scheme, according to the Office of the Comptroller of the Currency.