Fair Debt Collection Practices Act lawsuits dropped to a more typical 713 cases (including 66 class action cases) filed in November after a spike to more than 900 in October. Fair Credit Reporting Act lawsuits decreased to 173 (including 14 class action cases) in November from more than 225 a month earlier.

Some startups have been criticized for charging high fees and interest rates, but online lenders argue that borrowers are willing to pay them for the sake of expediency.

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Banks have waited eagerly for years for interest rates to rise. Higher rates should lead to better profits for those banks that are well positioned. Others that got impatient and reached for yield with risky investments could be in a world of hurt.

The financial services company Santander's subprime auto lending business is under investigation by Massachusetts Attorney General Martha Coakley's office over concerns it may have been engaged in predatory lending practices.

Faster lending, mobile app enhancements and seamless channel hopping are all priorities top bank tech executives have for the new year.

Visa and MasterCard halted services in Crimea after a new round of U.S. sanctions, according to multiple reports.

Jack Kopnisky of Sterling Bancorp in New York, which completed a major acquisition last year and has another in the works, is close to reaching his goal of creating a top earner. That effort, and the risks associated with it, make Kopnisky one of American Banker’s five community bankers to watch in 2015.

With Federal Deposit Insurance Corp. reserves erasing crisis-era losses, the agency is staring down a critical decision on how to implement a congressionally required increase in the insurance fund.

Sumitomo Mitsui Financial Group Inc.'s main lending arm agreed to buy Citigroup Inc. (C)'s Japanese consumer-banking business to expand services for wealthy individuals in the country.

A Canadian startup says it will enable customers to swap their holdings between gold bullion and bitcoins, and it plans an initial public offering next year.

Credit Suisse Group AG (CSGN) was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.

A data broker operation sold the sensitive personal information of hundreds of thousands of consumers to scammers who allegedly debited millions from their accounts, the Federal Trade Commission charged in a complaint.

It is unclear if the wave of state actions signals a burgeoning state scrutiny of consumer finance companies or if state enforcers will only employ this new approach on occasion.

Federal regulators formally issued a final risk retention rule for mortgage securitizations, a long-awaited and hotly debated measure that is nevertheless expected to have little market impact when it takes effect a year from now.

Investors who backed Broadway Financial's 2013 recapitalization are cashing out.

On at least three occasions, Michael Daly flexed his bargaining muscles in discussions with Hampden Bancorp. His tenacity led to a privately negotiated deal, a reduced exchange ratio and an amended employment agreement with Hampden's chief lending officer.

A judge has named Deerwood Bank winner of the bankruptcy auction for American Bank of St. Paul, in the first test of involuntary bankruptcy as a means of resolving trust-preferred debt.

The bank is piloting one conduit for jumbo mortgages and another for Ginnie Mae-eligible loans.

The 3%-down payment mortgage has been made available to consumers with a speed rarely seen in this business, in large part because more lenders than ever are selling loans directly to Fannie and Freddie.