Banking

MasterCard may be bracing for slower revenue growth, but its head of international markets still sees cause for optimism abroad.

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers, according to a recent filing with the Securities and Exchange Commission.

Bankers who think the government should have a lighter touch when it comes to prescribing rules for their industry may have an ally in the American people.

Buying CIT, a specialty lender, would add high-yielding loans without saddling Wells Fargo with more deposits and branches.

About one in five consumers buying a credit score from a credit bureau receives a "meaningfully" different score than their lender would, according to the Consumer Financial Protection Bureau.

Regulators are barring a Minnesota bank holding company from paying shareholders and some creditors until it takes steps to boost its capital.

WICHITA, Kan. – NCUA filed another suit against a Wall Street bank this afternoon, this one naming Barclays, alleging the sale of faulty mortgage-backed securities by Barclays to U.S. Central FCU and WesCorp FCU contributed to the collapse of the two corporate credit union giants.

Mercantile Bank of Grand Rapids bank is exploring how to make the most out of its content on a touch-screen kiosk. One idea? Use it as a photo booth.

Banker sentiment echoes Google research suggesting consumers expect sub-five-second mobile app downloads.

Senior Vice President and Marketing Group Manager Susan Brown discusses how the bank is upgrading services for both businesses and consumers.

Credit card collection efforts appear to be more successful than before the recession, controversial practices notwithstanding. This interactive graphic shows recovery and chargeoff data for large lenders.

Urban Trust, a Florida bank, had been under fire from consumer groups for allowing a payday lender to load loans onto its prepaid debit cards.

Assistant Attorney General Thomas Perez pressured the city of Saint Paul to withdraw a Supreme Court case that was supported by banks and threatened to undercut a key way the government targets lenders over fair lending laws. Republicans are crying foul.

Landmark Credit Union joins a growing list of tax-exempt institutions finalizing deals to buy banks or thrifts.

The National Restaurant Association said Tuesday morning that it is joining the growing opposition to the proposed $7.2 billion antitrust settlement with Visa and MasterCard over fees for credit card transactions, another major setback to the endangered deal.

The retail services business for Alliance Data Systems (ADS) has signed a long-term agreement to provide co-branded credit card services to resort developer Westgate Resorts in Orlando, Fla.

Discover’s $200 million payout is substantially higher than the typical settlement between a lender and a banking regulator, suggesting the CFPB wants to significantly raise the financial cost of violations.

Ellie Mae is adding support for automated good faith estimates to its mortgage handling software.

First Capital (FCAP) in Corydon, Ind., will record a pretax charge of $650,000 for the third quarter tied to a voluntary early retirement program.