Banking

CIT Bank has agreed to buy Direct Capital in Portsmouth, N.H., in an effort to expand in lending to small and midsize businesses.

Opus Bank (OPB) in Irvine, Calif., is turning its health care banking into a national operation.

The regulator of Fannie Mae and Freddie Mac (FMCC) will conduct a series of town-hall events to convince hundreds of thousands of U.S. borrowers with little or no equity in their homes to refinance.

A Houston collection agency and its president and sole shareholder agreed to a federal court order and $4 million penalty for bullying consumers into paying debts and unnecessary fees.

The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.

City National Bank in Los Angeles has agreed to sell its retirement services business to OneAmerica, an insurance and asset management firm.

A recent court ruling affirms that customers can be held responsible in cases of wire transfer fraud. But banks aren’t off the hook.

Is misogynistic behavior keeping women out of the Bitcoin community?

Fannie Mae and Freddie Mac suffered "significant financial harm" from "excessively priced" force-placed insurance, an inspector general's report says, advising their regulator to assess whether to sue banks and insurers for damages.

First Citizens BancShares (FCNCA) in Raleigh, N.C., has decided on the management team that will run the company after it buys First Citizens Bancorp. in Columbia, S.C.

A confluence of events, including the defeat of House Majority Leader Eric Cantor, has increased the chance that Congress won't renew the charter of the Export-Import Bank. Private banks receive billions of dollars in U.S. support for loans made to promote American exports.

Spencer Savings Bank in Elmwood Park, N.J., has agreed to buy the banking operations of New Jersey Manufacturers Insurance.

Wholesale lenders are capping broker compensation at 2.75%, below the CFPB's 3%, adding another "overlay" above and beyond regulatory requirements. Some say borrowers are being shut out as a result.

State Bank Financial is in no rush to extract costs from Georgia-Carolina Bancshares, preferring instead to take its time in an effort to retain the best employees and clients.

People's United Bank in Bridgeport, Conn., expects to raise $400 million through an offering of subordinated debt.

NCR announced that Morgan Stanley is the latest financial institution to use its mobile remote deposit capture software. The bank will let wealth management customers deposit checks through their handheld devices.

Navy Federal Credit Union has implemented a money management mobile app from Cachet Financial Solutions to upgrade its prepaid card program for students.

Massena (N.Y.) Memorial Hospital board of managers approved a plan to write off more than $630,000 in bad debt for April and May.

Competition from traditional homes and distressed sales, the limited availability of conforming mortgages and an underdeveloped secondary market have prolonged a slump in manufactured housing that started in 1998.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.