Banking

The Consumer Financial Protection Bureau gave banks and nonbanks four tips on how to minimize the risk that its investigations blow up into an enforcement action.

Sens. Bob Corker and Mark Warner on Tuesday introduced their much-discussed proposal for reforming the mortgage finance market. The effort has continued to win plaudits from fellow lawmakers, regulators and the industry.

The $4.2 billion-asset, Conway, Ark., company will pay $280 million in cash and stock for the $2.9 billion-asset Liberty.

Freddie Mac is preparing to market mortgage securities that will share with investors the risk homeowners don't repay their government-backed loans, according to a person with knowledge of the plans.

Senate Banking Committee members pressed regulators Tuesday about the extent of industry efforts to gain greater flexibility in modifying or delaying repayment of troubled student loans.

Green Dot's mobile consumer checking account, GoBank, is now open to the public.

BBVA Compass has begun contracting its branch network, with the bulk of the closures in Texas.

Opus Bank in Irvine, Calif., has hired Michael Allison as co-president and Bob Granfelt as chief operating officer.

Trade finance involving U.S. and Chinese companies is growing, and MetroCorp could be free to make more loans now that it is free of a regulatory order.

Premara Bank in Charlotte, N.C., has opened a branch in downtown Washington.

Much must still be clarified about the new currencies and few have developed viable or secure business models that warrant defensive movement from the traditional banking sector just yet.

Banks can get beyond the negative perceptions that have dogged the industry the past few years, but they need to lay the proper groundwork first. American Banker Magazine Editor in Chief Heather Landy and Reputation Institute's Anthony Johndrow analyze the results of our fourth annual survey of bank reputations.

Australian bank anticipates that IBM's Jeopardy-winning computer will help financial advisors provide quick yet valuable advice.

Replacing Fannie and Freddie with a federal catastrophic reinsurance agency is smart. Putting the wrong leader (like a politician) in charge of the new mortgage agency would be disastrous.

Banks face a looming financial risk from home equity loans, an international ratings agency is warning.

Filling this increasingly prevalent and critical position presents the perfect opportunity for a bank to bring a female executive into its C-suite.

Lending Club is backing Tritium Racing and its 73-foot offshore trimaran (now named after its sponsor) in the Transpacfic Yacht Race, which begins in July near Los Angeles and finishes in Honolulu. Its CEO, Renaud Laplanche, will be on the race crew.

IntelliResponse, which sells virtual agent technology, released a new platform Tuesday that provides data visualization for incoming customer questions. The software is designed to let a bank quickly see what's top of mind for customers.

Cyber-security has long been a technology and risk management challenge for banks. Recently, Washington policymakers have come to regard it as one of the most pressing issues financial institutions face.

Q2ebanking announced Tuesday that it is working with Andera of Providence, R.I. to resell the latter's account opening and lending software.