JPMorgan Chase has purchased $45 billion in servicing rights from embattled mortgage firm Ocwen Financial.

Eastern Virginia Bankshares in Tappahannock has repurchased a warrant from the Treasury Department tied to the Troubled Asset Relief Program.

Other regional Federal Home Loan Banks are lining up so their members can securitize FHA and VA loans through Chicago FHLB conduit.

Prosperity Bancshares in Houston has named a new president.

WASHINGTON — The Consumer Financial Protection Bureau is taking a closer look at companies that service student loans to determine whether there are patterns of abuse and misinformation in the $1 trillion industry.

Two law firms and their lead attorney on Wednesday lost a default judgment in New York County Supreme Court after allegedly participating in a fraudulent mortgage rescue scheme.

Vendors that specialize in Bank Secrecy Act compliance can help ease community banks' regulatory burden while strengthening their controls.

Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.

WashingtonFirst Bankshares in Reston, Va., has agreed to buy direct mortgage lender 1st Portfolio Holding Corp. in Fairfax, Va.

The consumer watchdog says it is taking a closer look at various practices associated with student loan servicing as other regulators and analysts grow increasingly wary about the vast amount of non-dischargeable debt in the economy.

Abid Gilani, a Wells Fargo senior vice president, was one of the victims in the derailment of an Amtrak train outside of Philadelphia on Tuesday.

SVB Financial Group in Santa Clara, Calif., has appointed a former U.S. Treasury official to its board.

During a House hearing, marketplace lenders suggested that the U.S. government follow the lead of the U.K., which has set up a separate regulatory regime for the online industry.

With support from Bank of America, a nonprofit lender is trying to revitalize Detroit by offering no-down-payment mortgages at up to 150% of a home’s assessed value. The idea is to provide borrowers with enough cash to buy run-down homes and fix them up, and if the program works as promised it could prove to be a template for lending in other cities — like Baltimore — that have large swaths of boarded-up homes.

Bank of America's Irish unit shifted $8.7 billion of capital to its U.K. parent last year as it continued to shrink Irish operations and move assets to London.

Chicago officials are scrambling to salvage short-term credit lines and liquidity arrangements after Moody's Investors Service downgraded its bonds, which triggered events in the city's credit contracts allowing banks to demand as much as $2.2 billion.

Global financial inclusion efforts have made big strides, but documentation requirements continue to hinder access to financial services, and women and the poor remain disproportionately underserved, according to the World Bank's annual study.

U.S. Department of Education Secretary Arne Duncan on Wednesday received a letter from regulators in 11 states expressing concerns about information provided to students affected by the closure of campuses operated by Corinthian Colleges Inc.

U.S. consumers borrowed more in the first quarter to pay for education and automobiles but their overall debt burden remained mostly flat, according to a report from the Federal Reserve Bank of New York.

The financial-technology explosion, or bubble, depending on one's viewpoint, continues.