Banking

PENSACOLA, Fla. – Gulf Winds FCU moved its top management personnel and branch to an old bank branch it has renovated.

The $56 billion-asset company is offering auto loans in all six New England states, it said Monday. Its Connecticut auto-lending team, working out of a Massachusetts office, has signed up a number of the state's roughly 140 new-car franchise dealers.

Browser advancements made in recent months are allowing developers to bring check deposit to mobile sites.

Given America's romance with small business, it certainly can't hurt to be seen out there supporting mom and pop.

As the volume of Federal Deposit Insurance Corp. suits against failed-bank officers and directors continues to rise, few cases are approaching anything close to an outcome.

The Federal Housing Finance Agency has hired a lobbyist for the force-placed insurance industry as its point man in reforming a market allegedly riddled with industry kickbacks.

First BanCorp (FBP) has traveled a bumpy road to recovery but top management hopes a clear strategy will help the San Juan, Puerto Rico, company complete its turnaround.

For years, banks have been seeking to turn a profit on mobile apps. In the latest twist, Regions Bank is rolling out programs that charge fees based on convenience.

When the government backs any system, the beneficiaries have only limited interest in the risks they are taking. Senators Corker and Warner have fallen into this trap.

Many developed countries, free from the U.S. impulse to see every product as something to track, do not share its inclination to frown on financial privacy.

Tristan O'Tierney, one of Square's team of co-founders is leaving the mobile payments company after four years.

FirstBank (FBMI) in Alma, Mich., has redeemed its remaining shares issued in exchange for funds through the Troubled Asset Relief Program.

The chairman and CEO of JPMorgan Chase has spent months fending off critics of his leadership skills. Now he's dispensing advice about those skills on LinkedIn.

Heritage Commerce (HTBK) in San Jose, Calif., plans to redeem $9 million of debt and exit the Troubled Asset Relief Program.

Heartland Financial USA (HTLF) in Dubuque, Iowa, has named a veteran executive as interim chief financial officer.

A fair-housing case provides the industry an opportunity to stamp out the longstanding legal theory that there can be lending discrimination without evidence of intent.

Bank of Botetourt in Buchanan, Va., has chosen Fiserv's account-processing system to use along with the vendor's online banking, bill payment, mobile banking and remote deposit capture offerings, Fiserv said.

JPMorgan Chase (JPM) must defend itself against allegations that it charged millions of dollars in improper fees to mortgage borrowers who were in default, a federal judge has ruled.

Online bank ING Direct Canada introduced mobile RDC for a wide range of mobile devices Monday, the first deployment of mobile RDC by a Canadian bank.

Credit unions can now pull back the curtain on the so-called "legacy assets" and gain a better understanding of the performance of securities once held by the five failed corporate credit unions.