Banking

Despite being introduced to the market with great fanfare, Fannie Mae's 3% down payment mortgage offering has yet to gain much traction with lenders and consumers.

Plaza Bank in Irvine, Calif., has hired Kathy Gonzales for the newly created role of director of branch banking.

Banks are strongly condemning the Department of Education's proposed changes to its student loan disbursement rules, saying that the proposal is an attempt to regulate banks in a way that exceeds the department's statutory authority and hurts students.

Blue Valley Ban Corp. in Overland Park, Kan., has obtained regulatory approval to redeem its Troubled Asset Relief program preferred shares.

Executives still have a number of reasons to put off acquisitions, as a dearth of natural targets and regulatory scrutiny still provide enough reasons to be hesitant. As a result, 2015 deal activity is flat compared with a year earlier.

Atlantic Coast Mortgage's Ashley Smith explains why keeping her referral partners happy is the key to her success as a loan officer.

Customers expect mobile banking services — but they're not necessarily impressed by them. Bank marketers should instead emphasize their institutions' problem-solving capabilities and skilled professionals.

The next financial crisis will probably originate from online lenders, hedge funds or other unregulated entities that are taking on some of the greatest credit risks, CIT Group Inc. Chief Executive Officer John Thain said.

CoBiz Financial's bank chairman, Jonathan Lorenz, will retire in December.

Senate Democrats are accusing the Education Department of conducting a deeply flawed review of whether agency contractors cheated military service members on their federal student loans.

Council members in Eclectic, Ala., unhappy with the collection agency that pursues debts owed to the town’s Emergency Medical Services division, voted this week to hire Simmons Collection Agency instead.

M&T Bank said it's in discussions with U.S. officials to settle an investigation into the lender's origination and sale of federally insured home loans.

WASHINGTON — The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.

Prosperity Bancshares in Houston has ended a short, self-imposed break from acquisitions, agreeing to buy Tradition Bancshares in Houston.

The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.

Coast Bancorp has sold two buildings next to its bank's headquarters in San Luis Obispo, Calif., and has refinanced debt.

Banc of California in Irvine, Calif., has named James McKinney principal accounting officer

Lawyers' private emails reveal just how much a pair of 2013 interchange-fee settlements favored the credit card industry. But those suits could be headed back to square one, giving retailers the chance to fight for better terms.

Capital One Financial in McLean, Va., has been hit with an enforcement action by federal regulators for deficiencies in anti-money laundering compliance that were connected to a former check-cashing business.

Old Line Bancshares in Bowie, Md., has agreed to buy Regal Bancorp in Owings Mills, Md.