There’s no magic potion for providing low-income people with low-cost financial services. But the combination of technology, ingenuity and the capitalist incentive has solved many problems before.

Lenders are falling short in efforts to prevent discrimination in areas outside housing, the head of the U.S. Consumer Financial Protection Bureau told members of Congress.

Daniel Walker made his way from working as an elevator operator at Farmers & Merchants Bank of Long Beach to heading up the California company.

Bank of America is laying off hundreds of workers from a unit that services troubled mortgages.

Attorney General Eric Holder ruffled feathers in March when he indicated during Capitol Hill testimony that some financial institutions are "too big to jail." Holder later tried to backtrack amid a fierce public outcry. The controversy comes on the heels of claims by some critics that the DOJ and Obama administration have given the politically well-connected banking industry an undeserved free pass in the wake of the financial crisis. As the following examples illustrate, however, the government has acted aggressively in some cases to bring senior bankers to justice-senior bankers at small institutions, that is.

The Department of Justice faces a serious challenge to its aggressive pursuit of fair lending cases following a Supreme Court decision to hear a case involving the controversial theory of "disparate impact." American Banker editors discuss the implications of the high-profile case for banks and the rest of the mortgage industry.

Provide them with a basic understanding of the banking system, share your firm’s strategic vision and encourage communication between departments and affiliates.

The Supreme Court said Monday it would hear the case that calls into question several recess appointments President Obama made last year, including one that made Richard Cordray the director of the Consumer Financial Protection Bureau.

The Office of the Comptroller of the Currency has taken action against a Missouri bank and freed four others from regulatory actions.

Citigroup is opening an office in Baghdad.

Shareholders of San Diego Trust Bank have approved the bank's sale to Pacific Premier (PPBI) in Irvine, Calif.

Southern Missouri Bancorp in Poplar Bluff, Mo., has agreed to buy Ozarks Legacy Community Financial in Thayer, Mo.

MARLBOROUGH, Mass. – St. Mary’s CU is promoting its soon-to-be-opened new Westborough branch with a scavenger hunt and a $500 prize.

Flagstar Bancorp (FBC) will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty (AGO).

A former bank executive in Georgia has pleaded guilty to charges of defrauding a bank that had received funds from the Troubled Asset Relief Program.

A new Texas law addresses concerns that community banks will suffer if big-box retailers and large banks begin to team up on pricing.

Two American Banker staffers who cover mergers and acquisitions have a confession to make. We sometimes get so enmeshed in the arcane numbers behind bank deals that we overlook what really makes them tick: the human element.

WASHINGTON — Republican lawmakers are calling on the Consumer Financial Protection Bureau to explain its rationale behind new fair lending guidelines for auto lenders.

Snapchat, a once-popular app among high school students, has captured the attention of privacy-savvy Wall Street financers hoping to keep their late-night escapades quiet.

The chief executive and three directors of Atlantic Coast Financial (ACFC) are leaving the company after shareholders rejected a proposed sale to Bond Street Holdings earlier this month.