Consumer borrowing rose higher than expected in May as Americans charged away on their credit cards, according to the Federal Reserve's G.19 report released Monday.

Regulators ordered Texas-based Expert Global Solutions, the world's largest debt collection firm, on Tuesday to pay a $3.2 million fine for allegedly making illegal collections calls and not verifying debt in dispute.

Columbia Banking System's chief operating officer and executive vice president Mark Nelson will retire on Sept. 30.

Huntington Bancshares in Columbus, Ohio, has named a new head of internal auditing.

CIB Marine Bancshares (CIBH) in Waukesha, Wis., has agreed to buy Avenue Mortgage in Naperville, Ill., CIB announced Monday. Financial terms of the sale were not disclosed.

Equifax announced Monday that is acquired TrustedID, a Palo Alto, Calif.-based specialist in identity protection.

AmericanWest Bank in Spokane, Wash., has agreed to sell five Pacific Northwest branches in separate transactions.

U.S. consumers kept paying down debt in the first quarter ended March 31, as household wealth rose higher than the pre-recession peak, the American Bankers Association reported Tuesday.

Consumer credit is showing signs of strength as Americans seek to shrug off the effects of the financial crisis, according to two sets of data released Monday.

WESTBOROUGH, Mass. – St. Mary’s CU this afternoon is holding a grand opening for a new branch it built by renovating a former Friendly’s ice cream restaurant.

JPMorgan Chase's decision to freeze much of its credit card debt collection operations ahead of regulatory actions appears to have cost it hundreds of millions of dollars.

Nasdaq has granted Broadway Financial (BYFC) in Los Angeles a six-month reprieve to raise its share price.

First Interstate BancSystem (FIBK) in Billings, Mont., has named Kevin Riley its next chief financial officer. Riley is leaving Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., where he has been CFO since 2007.

Eastwood plans to acquire the Austin, Minn., branches of QCR's Community National Bank along with $30.8 million in loans and $36.8 million in deposits, the companies announced Monday.

Credit unions have long charged their depositors lower overdraft fees than banks, but that gap is shrinking, according to new survey data.

The $442 million-asset company began raising the capital on June 21; the campaign closed on Friday, according to a regulatory filing.

First Federal Bancshares of Arkansas (FFBH) in Harrison has agreed to buy First National Security in Hot Springs, Ark.

First South Bancorp, a privately held Tennessee company, has enough capital support to do deals without having to go public, CEO Chris Holmes says in a Q&A.

Sen. Elizabeth Warren may have a reputation as the banking industry's toughest foe, but behind the scenes she's formed a growing alliance with community banks, a widespread and politically powerful group.

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