Banking

A lack of communication allowed a number of banks to use funds from the small-business lending program to pay dividends or exit Tarp, Christy Romero wrote in a report issued Tuesday.

Wells Fargo will pay $850,000 to settle a class-action that charges the company docked workers' pay for credit checks that did not result in loans.

Network security standards are in the works that will push banks to make substantial changes this summer.

A spike in stock prices and lingering capital concerns should make bankers wary of buying back shares in the near term.

There were more deals announced in the Midwest than in any other U.S. region last year.

Uwharrie Capital Corp. (UWHR) in Albemarle, N.C., has repaid more than three-fourths of the money it took through the Troubled Asset Relief Program.

Park Sterling Bank in Charlotte is battling to retrieve hundreds of thousands of dollars it refunded to a commercial customer who was defrauded by cyber thieves.

New York Gov. Andrew Cuomo is demanding that Fannie Mae and Freddie Mac change rules to ensure that several thousand homeowners who got a temporary reprieve from paying their mortgage after Superstorm Sandy do not face a sudden spike in payments.

Mainstream banks have shied away from loans on manufactured homes because of high default rates, but a nonprofit group is asking them to take another look at the niche.

Forcing traders to strap computers on their heads may sound extreme, but consider the current threat. Saving billions from trading losses might take the sting out of the loss of privacy.

As regulatory scrutiny of third-party vendors is increasing, banks must improve their research and monitoring of the business they outsource.

METAIRIE, La. – Louisiana Corporate CU announced this morning it will receive a $600,000 settlement from Credit Suisse--the last remaining defendant in a ten-year-old National Century Financial Enterprises asset-backed securities fraud case.

Midwest BankCentre in Lemay, Mo., has warned its customers of a security breach, possibly involving its third-party vendors.

Mortgage servicers tied to the independent foreclosure review settlement will begin sending the first wave of $1.2 billion in checks to troubled borrowers on Friday, federal regulators said.

Fiserv, a fintech company, said Tuesday the combination gives users a unified view of borrowers' accounts and repayment risks and eliminates duplication between systems.

An honest debate over our "too big to fail" problem and a sound policy response are incompatible with a wait-and-see approach to the laws already on the books.

Rising stock prices, rebounding profits, restored dividends and a growing economy are signaling to U.S. banks it's time for more job cuts.

MasterCard faces a European Union antitrust probe into bank fees on foreign card payments such as when tourists go shopping in the 27-nation bloc.

Mobile payment technology at restaurants is gaining favor with wait staff, who find shedding paper leads to quicker orders, faster service and higher gratuities.

Charter Financial Corp. in West Point, Ga., has converted to a fully public company.