Competition from traditional homes and distressed sales, the limited availability of conforming mortgages and an underdeveloped secondary market have prolonged a slump in manufactured housing that started in 1998.

While rent represents the biggest expense each month for many consumers, the payments rarely are reported to credit bureaus, meaning they don't help people improve their credit scores.

It’s true that AIG’s heavily regulated securities lending program played a role in the downfall of the insurer. But it is a dangerous fallacy to argue that this proves that regulation should be left entirely to the markets.

The American Bankers Association and AARP are planning to work together to protect older adults from financial exploitation.

Peapack-Gladstone Financial (PGC) in Bedminster, N.J., has named Kevin Runyon as executive vice president of information technology.

Mortgage-bond investors are urging the government to stop banks from saddling them with the costs of probes into sales of the debt.

More than 60 bills that would impact the credit and collection industry were introduced in the past six months and considered during the New York Legislature’s 2014 session that recessed last Friday.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.

The scams involving home-based businesses included offering payment processing services, credit card terminals and merchant cash advances to small businesses.

Opus Bank (OPB) in Irvine, Calif., has launched a small-business banking division.

Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.

Green Bancorp in Houston has filed to raise $100 million by going public. The company said in its filing that it plans to use $8 million of the IPO's net proceeds to partially pay for its pending $46 million acquisition of SP Bancorp in Plano, Texas.

State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga. The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock.

Umpqua Holdings (UMPQ) in Portland, Ore., will close 27 branches by the end of this year as part of its integration of Sterling Financial in Spokane, Wash.

Bank of America Corp. (BAC) will offer clients with at least $20,000 in deposits and/or investments at the bank certain perks previously available only to wealthier customers.

The prepaid phone carrier, which is teaming with a mobile banking startup called Wipit, believes that its large retail footprint in low-income neighborhoods offers an opportunity to challenge check cashers and prepaid card issuers.

First it was Brazil and Greece. Now add Spain to the list of countries where Citigroup (NYSE: C) is unloading consumer banking operations.

First Community Bank in Lexington, S.C., has agreed to acquire First South Bank's deposits in Columbia and some loans for approximately $800,000.

Great Southern in Missouri completed its fifth failed-bank deal on Friday. The company stated that the deal's strategic benefits outweigh the fact that it received a smaller upfront gain from its latest purchase.

Community banks in the Old Line State have benefitted from a strong economy, but higher regulatory costs, rate pressure and competition could force many to consider selling in coming months.