WASHINGTON — The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

New York Attorney General Eric T. Schneiderman issued an alert Wednesday based on ongoing complaints from consumers reporting being contacted by scammers posing as an attorney from the AG's office.

Cheviot Financial in Cincinnati will soon have a new chief executive.

Bank of America plans to lay off 202 employees in a loan servicing unit in Norfolk, Va. because of the ongoing decline in the number of delinquent mortgages, the company said Tuesday.

The CFPB has a historic opportunity to fix the small-dollar loan market by emulating Colorado's reforms. That would mean requiring all payday lenders to offer affordable installment payments and cracking down on deceptive practices like loan flipping.

Premier Bancshares in Omaha, Neb., has agreed to buy Farmers Bank and Trust in Nebraska City.

Jeffrey Brown, suddenly elevated to CEO of Ally Financial, will have to accelerate the auto lender's diversification plan started by his predecessor, Michael Carpenter. Brown will need to explore new sources of originations, funding and investments.

Two community banks on Tuesday disclosed plans to raise capital by selling subordinated debt.

The Dallas-based subprime auto lender lowered its provision for losses in the fourth quarter even as delinquencies and chargeoffs continued to creep up.

Studying borrowers' credit characteristics and tightening quality control are more important to how mortgages perform than the size of down payments.

M&T Bank used hidden racial criteria to steer first-time home buyers into certain neighborhoods and particular lending programs, according to a housing group that sent women of various races to apply for loans.

The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers will increase loan servicers' costs, and some question how many consumers they will actually help.

Management training programs are slowly returning to smaller banks decades after belt-tightening led to their demise. Rigorous regulatory scrutiny, combined with a need for improved risk management and increased income, are spurring the comeback.

WASHINGTON — The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

Lenders have purged bad loans and low interest rates are fueling new projects. Yet many bankers still view C&D loans as risky and are eager to stress that they will steer clear of the boom.

The Consumer Financial Protection Bureau and the U.S. Department of Education announced Tuesday more than $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans.

The San Antonio financial services provider says 101,000 members have already logged into mobile banking with a spoken phrase or a selfie. It may be a sign that after 50 years, biometric authentication is finally hitting the mainstream.

Two defendants who took part in an alleged multi-million dollar telemarketing fraud targeting seniors, a scam that included withdrawing money from their accounts without authorization, agreed Tuesday to settle Federal Trade Commission charges.

WASHINGTON — The acquirer of a for-profit college chain sued by the Consumer Financial Protection Bureau will forgive over $480 million in student debt under a deal announced Tuesday.

Premara Financial in Charlotte, N.C., has a new chief executive.