West Virginia Attorney General Patrick Morrisey announced Tuesday that Hampshire Memorial Hospital and Mosaic Finance Solutions, based in North Carolina, will each pay the state $7,500 as part of an agreement, called an assurance of discontinuance, to end illegal collection practices.

Just when banks thought they had adjusted to life under the Durbin cap on debit card interchange fees, a court has deal them a huge and unexpected blow. Bucking the usual judicial practice of deferring to regulators, a federal judge has ruled that the Fed set the cap too high at 21 cents and disregarded the intent of the Dodd-Frank Act. Expect appeals and a protracted fight that could take years to settle the matter.

WSFS Financial in Wilmington, Del., is expanding its consumer lending business to include private student loans.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a second-quarter profit of $48.7 million, down from $72.3 million in the second quarter of 2012. Earnings per share were 10 cents, in line with the average estimate of analysts polled by Bloomberg.

People tend to remain loyal to bankers and banks they know, like and trust. Whether or not we fit that description is entirely up to us.

MoneyGram has entered an agreement to buy Nexxo Financial's kiosk-based money transfer business. MoneyGram will also be the preferred partner for Nexxo money transfers and bill payments.

The Federal Reserve disregarded Congress's intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing "swipe" fees.

The chief executive of BOK Financial (BOKF) has decided to step down after 40 years with the Tulsa, Okla., company.

Sen. David Vitter is vowing to push for "tough" reforms to the Federal Housing Administration when the Senate Banking Committee takes up a bill to implement key changes at the agency on Wednesday.

The Florida bank says that after a string of troubled-bank acquisitions that brought it lots of short-term benefits, it is turning to deals like its agreement for Gulfstream that will juice earnings over the long haul.

Green Dot (GDOT) reported a 4% jump in second-quarter profits even as its flagship prepaid card franchise continued to face pressure from new competitors.

BB&T is raising its profile in the Atlanta area by attaching its brand to automated teller machines in Rite Aid stores across the metropolitan area.

A relief package proposed by three senators last week has reinforced hope that Capitol Hill will ease community banks' regulatory burden by yearend.

The City of Richmond has sent offer letters to roughly 32 mortgage servicers and trustees requesting that it be allowed to buy underwater home loans at reduced prices. If the servicers balk, city officials say they will seek to seize the properties through eminent domain.

CIT Group in New York has named Randy Chesler as the president of its CIT Bank, based in Salt Lake City.

While many people think of Bitcoin as a currency, Jaron Lukasiewicz, CEO and co-founder of Coinsetter, says Bitcoin should be thought of more as a payments infrastructure, allowing quick, inexpensive funds transfer. But for Bitcoin to thrive, banks must agree with this perspective.

EverBank Financial (EVER) in Jacksonville, Fla., reported higher second-quarter earnings and said it would shut its wholesale-mortgage business.

A federal judge has found in favor of the Federal Trade Commission in its case against an online operation that illegally debited consumers’ bank accounts when they visited the defendants’ Web sites seeking payday loans.

A move by Pennsylvania lawmakers to abolish the state's savings-and-loan association charter comes as the number of thrifts nationwide continues to decline and the "S&L" name loses its former appeal.

Mortgage loans on commercial properties rose sharply in the second quarter due largely to investors' heightened interest in apartment buildings.