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The CFPB issued rules Friday that ban compensation to mortgage originators based on loan terms, such as higher interest rates or a high-cost loan. The rule is meant to prevent lenders from steering borrowers into riskier loans for a higher payouts.
January 18 -
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The $3 billion-asset StellarOne of Charlottesville, Va., said Friday that it will buy a branch from the $508 million-asset Village Bank and Trust (VBFC) in Midlothian, Va.
January 18 -
A proposed startup bank would court the Amish, a community with "spectacular" credit ratings and proven business acumen. The founders may have to make some special dispensations, though.
January 18 -
FNB United (FNBN) in Asheboro, N.C., has created a commercial real estate group at one of its banks.
January 18 -
Capital One's fourth-quarter results and 2013 profit guidance disappointed investors, sowing doubts about the earnings power of its acquisitions of ING Direct and HSBC's U.S. credit card portfolio.
January 18 -
WASHINGTON — The Consumer Financial Protection Bureau will require mortgage lenders to release free copies of home appraisals to borrowers as part of several appraisal rules released this week.
January 18 -
U.S. Century Bank in Doral, Fla., sold about $120 million of loans in the fourth quarter of 2012.
January 18 -
Walmart and the other Merchant Customer Exchange members recently announced they would opt for a software-based mobile wallet instead of one based on Near Field Communication hardware. Is this a blow to NFC's future or does the technology have enough supporters to eventually change how people pay?
January 18 -
The Federal Reserve Board has terminated a written agreement with Blue Valley Ban Corp. in Overland Park, Kan.
January 18



