WASHINGTON – The Consumer Financial Protection Bureau on Friday announced four appointments to the agency’s leadership team.

California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's mortgage license in California. The Atlanta servicer had failed for more than a year to provide its California regulator with requested information

The Illinois Department of Financial and Professional Regulation closed the $54.7 million-asset Highland Community Bank in Chicago on Friday.

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Early signs point to a wave of Federal Housing Administration borrowers trying to tap into lower prices for mortgage backing.

American Express, Discover and Capital One all reported significant increases in their marketing spending last quarter, part of a larger upward trend in expenses.

The Justice Department has subpoenaed another subprime auto lender as it extends its investigation into the industry.

Seaway Bank and Trust in Chicago has entered into a consent order with state and federal regulators.

Bank of New York Mellon, the custody bank under pressure from activist investor Trian Fund Management to lift its share price, declined the most in nine months after reporting fourth-quarter earnings that missed analysts' estimates.

State Street said fourth-quarter profit fell 3.7% as expenses rose faster than revenue.

Forget the machines. Even forget the software. Diebold's business plan for the future — as touted in a video the company screened at 50 movie houses around the world — centers on its collaboration with banks and others on innovation.

The new year represents a chance for credit unions to take a close look at their branch networks and identify areas to cut costs as well as look for opportunities for growth.

The focus on raising the $50 billion-asset threshold determining which banks face the toughest provisions is highlighting interest in letting more community banks enjoy exemptions written into the law.

First Niagara reported a fourth-quarter profit, but the more interesting question was why the Buffalo, N.Y., bank won't fully explain the customer problem that has forced it to set aside more than $20 million.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Complaints filed with the Consumer Financial Protection Bureau in 2014 totaled 39,185, a number that should rise by a few hundred as the totals are refined in the coming weeks.

Independent Bank Corp. of Ionia, Mich., is consolidating 14 of its 74 Michigan branches.

Overall consumer litigation against collection agencies and creditors fell in 2014 thanks to a third straight year seeing a decline in Fair Debt Collection Practices Act cases.

Prosperity Bancshares in Houston posted higher quarterly profit despite investor concern about the company's energy loans.

A small Georgia lender has reached a deal to avoid a threatened involuntary bankruptcy, though the resolution is likely to leave key legal questions on trust-preferred debt and bankruptcy unresolved.