Banking

NCUA's Larry Fazio discusses the Corporate Stabilization Fund, NCUA Guaranteed Notes and the future of corporate CU assessments.

WASHINGTON — The Consumer Financial Protection Bureau issued updated exam procedures on Thursday for a slew of mortgage rules due to take effect next year.

Naugatuck Savings in Connecticut is rebranding itself "Ion Bank" because it wants to expand into other markets. CEO Chuck Boulier warns others considering a name change that it takes a lot of time and expense.

Community banks need help. Bigger banks can provide them a lifeline. But it comes with a cost: the loss of bankers who understand the local community.

The Federal Reserve Board has terminated enforcement actions with Marquette Financial in Minneapolis and Bank of Virginia in Midlothian.

A court ruling that debit card fee caps be lowered could also enable merchants to play card networks against one another.

Royal Bancshares of Pennsylvania (RBPAA) in Narberth recorded a second-quarter loss that it attributed to the cost of settling two long-standing legal issues.

CommunityOne in Asheboro, N.C., went from the brink of failure to a model of recovery in a few years. But it took new management, private-equity money, an acquisition and an accounting ace in the hole to get it done.

Certegy Check Services Inc., one of the largest check authorization service companies, agreed to pay $3.5 million to settle charges that it violated the Fair Credit Reporting Act.

NEW YORK – NCUA has opposing a proposed bankruptcy reorganization for Ally Financial, General Motors’ one-time subprime lender known as Residential Capital, saying the plan does not offer enough compensation for the $600 million of claims the agency has for ResCap’s sale of more than $600 million of mortgage-backed securities to U.S. Central FCU and WesCorp FCU.

The Federal Reserve Board has unanimously approved acquisitions by Hana Financial Group in Seoul, Korea, and Live Oak Bancshares in Wilmington, N.C.

Foreclosure filings in July — including default notices, auctions and bank repossessions — climbed 2% from a 78-month low in June but were still 32% lower than a year ago, according to RealtyTrac.

Most policymakers agree that Fannie Mae and Freddie Mac should be unwound and replaced with a system more dependent on the private market, but cleaning up the failed government-sponsored enterprises will be a challenge unlike anything attempted before.

The latest municipal attempt to seize underwater mortgages by eminent domain is an abuse of this most awesome governmental power.

Capital One Financial Corp. reported delinquencies for its U.S. credit-card business increased in July from June, while its international credit cards delinquencies fell, according to a filing with the Securities and Exchange Commission.

1st Constitution Bancorp in Cranbury, N.J., has agreed to acquire Rumson-Fair Haven Bank and Trust Co. in Rumson, N.J.

Mobile malware attacks have increased six-fold over the past several months from year-earlier levels, research indicates. What's more, criminals' are seven times more likely to target banking customers with phishing attempts than people receiving email from another type of company. With so much going on in the world of cyberthreats, here's a look at some of the most important recent developments that has left banks facing millions of dollars in losses.

Mercantile Bank announced a deal Thursday that would make it the third-largest bank based in Michigan.

A response to Bill Isaac's Aug. 13 post, "Why Payday Loans are Good for Millions of People."

U.S. Century in Florida, one of the largest undercapitalized banks in the U.S., is trying to sell a controlling interest to an investment group. But shareholders who have sued the bank favor another group's buyout offer, and they tried to get the judge to force the bank to reconsider.