Retail & Commercial

Rewards have become as vital as ever in recruiting and keeping cardholders. But that could become problematic if issuers are forced to cut rewards programs to offset costs.

Washington Federal (WAFD) in Seattle reported that its quarterly earnings totaled $35.2 million, up almost 17% from a year earlier despite a drop in net interest income.

When smaller financial institutions, such as credit unions, are inundated with regulations from multiple agencies simultaneously, their ability to meet the needs of members is hampered and services are curtailed.

Banks are allowed to pass on costs related to FDIC premiums, but the agency is warning the industry that expressly designating an 'FDIC fee' has consequences.

The former chief executive officer of Virginia's Bank of the Commonwealth was among six people indicted for an alleged fraud conspiracy involving a coverup of the bank's financial condition from 2008 to 2011.

Financial firms are raising less capital as domestic and international concerns abound.

How ironic to see banks complain about being victimized by nuisance lawsuits filed by consumers over missing warning notices at ATMs – notices that were required to stop banks from victimizing consumers with nuisance charges at ATMs.

The lawsuit, filed on behalf of a Baton Rouge, La., man suffering from Alzheimer's disease, accuses a banker from JPMorgan Chase of using a debit card to steal $300 a day for more than a year.

Colony Capital LLC is one of the winning bidders on a Fannie Mae REO sale sponsored by the Federal Housing Finance Agency, according to bidders and other sources familiar with the matter.

San Bernardino County is weighing a controversial plan to use eminent domain to modify underwater mortgages, even as the county’s largest city seeks bankruptcy.