Banking

The Federal Deposit Insurance Corp. has terminated a consent order with Cornerstone Community Bank in Chattanooga, Tenn., after the bank increased its capital levels.

Credit card lenders have been giving slack on lines, but it hasn't been coming from the Big Three. Use this interactive graphic to see line and utilization trends at TD Bank on up.

Following the regulator's designation of larger consumer reporting companies for supervision, the CFPB said examiners will assess the accuracy of credit reports and how companies disclose information to consumers about credit scores.

Former E-Trade general counsel Russell Elmer has joined the Lending Club as the online lending platform's deputy general counsel.

The ATM manufacturer hopes the acquisition of Gas Tecnologia will bolster its presence in Brazil.

TAB Bank in Ogden, Utah, has snagged three executives from a competitor to pump up its equipment-leasing division.

Southwest Bancorp in Stillwater, Okla., has hired Mark W. Funke as its new president and CEO. Funke, who was a market president for Bank of Oklahoma, is expected to join Southwest Oct. 1.

Designating certain companies as systemically important accomplishes nothing more than putting them into a closer relationship with the government, making the designation itself a self-fulfilling prophecy.

Cards for Discover Financial Services will be issued in Europe for the first time through an expanded partnership between the credit card company and Russian Standard Bank.

Cards for Discover Financial Services will be issued in Europe for the first time through an expanded partnership between the credit card company and Russian Standard Bank.

If Congress fails to extend this 2007 law, millions of already-struggling families would face a substantial tax bill shortly after working out a deal with their mortgage lender – undermining short sales and other foreclosure prevention efforts.

Few things cut through the skepticism many folks hold toward a business (or even industry) as much as genuine, altruistic actions.

Online marketplace Etsy is putting more marketing muscle behind its PayPal alternative, Direct Checkout, as it waives processing fees this month and makes Direct Checkout a requirement for accepting its virtual gift cards, which launch next month.

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The credit union is using software from CapTech to serve iPhone and Android-toting members.

New York Community Bancorp announced Tuesday that it has finished streamlining its core platform and related systems, including online banking, automated voice response and ATMs, across all 68 of its branches.

Provident Financial Services (PFS) of New Jersey is beefing up its marketing efforts with a new slogan as it tries to stand out in the rough-and-tumble New York banking market.

Astoria Financial, Texas Capital Bancshares and three other large community banks look more vulnerable to buyout efforts after M&T's agreement to buy Hudson City.

Walter Investment Management (WAC) in Tampa, Fla. said Tuesday that it is acquiring Reverse Mortgage Solutions for $120 million.