Banking

The Consumer Financial Protection Bureau's new examination procedures for mortgage originations include strict quality controls for mortgage documents.

ALEXANDRIA, Va. — Total projected assessments from the NCUA's Temporary Corporate Credit Union Stabilization Fund dropped by $2.2 billion during the second half of 2013, the regulator announced Tuesday, adding it was "hopeful" that no future CU assessments would be necessary.

Collectors and compliance officers are listed among the top jobs to have in business in U.S. News and World Report's 2014 list of the 100 Best Jobs in America.

There is a lot of work to be done behind the scenes before Citizens can become independent of Royal Bank of Scotland, including the establishment of new technological, administrative and financial reporting systems, CEO Bruce Van Saun says.

Cybersecurity firm Trustwave has acquired Cenzic, a company that helps organizations test their applications' vulnerability to hacker attacks.

Community banks are revamping branches and offering new services in an effort to become trusted advisers to small businesses. Such a transformation is often easier said than done.

A former Bank of America (BAC) employee in Massachusetts has been sentenced to three to five years in state prison for stealing more than $2 million from her clients.

The organization that runs the automated clearing house network wants to phase in same-day payments in three stages. The move follows the defeat of a similar plan in 2012.

First Commonwealth Financial (FCF) in Indiana, Pa., is bringing its corporate banking business to Ohio.

Two federal investigations into General Electric Co.'s credit card business are underway to determine if the unit violated consumer finance laws.

The number of homeowners who receive loan modifications rose to roughly 44,000 in January — up 2% from the previous month, according to a report from the mortgage industry group Hope Now.

Treasury's Bank Secrecy Act Advisory Group will include a member of the virtual-currency community to help make regulations "better informed and more effective," David S. Cohen, the undersecretary for terrorism and financial intelligence, said today.

A breakdown of M&A announcements in the financial services industry for the week ended March 15.

United Community Financial (UCFC) in Youngstown, Ohio, has hired an outside executive to become its next president and chief executive.

Like the Postal Service, small banks must radically change their business model, expect more consolidations and mergers, focus on critical services and avoid relying on the U.S. government for help – it could make things worse.

In what is being billed as an industry first, Mountain America Credit Union closed its first electronically-signed FHA mortgages Monday under the Federal Housing Administration's new e-sign policy.

Virtual currencies will benefit from government oversight that lends credibility to the market, according to the U.S. Treasury Department's top official targeting money laundering.

A payday lending bill in Idaho, designed to dictate how much payday lenders can give borrowers, won passage in the state's House of Representatives on Monday by the slimmest of margins.

Talmer Bancorp (TLMR) in Troy, Mich., could enjoy a bigger-than-expected benefit from its purchase of Michigan Commerce Bank.

The settlement monitor gave the banks credit for $20 billion in relief — less than half the total provided, since only partial credit was given for breaks other than principal reduction.