Sb1 Federal Credit Union in Philadelphia has hired Robert Werner, a former chief operating officer of Two River Community Bank, as its president and CEO.

If they get on their high horse, bankers risk coming off as disingenuous. Concentrate instead on developing products that will help consumers meet a specific financial goal.

Fannie Mae and Freddie Mac are helping to provide additional relief to Hurricane Sandy victims who received a temporary reprieve from paying their mortgage after the storm but are still struggling financially.

The San Francisco company's former CEO Dick Kovacevich served as stand-in at the Wells Fargo Championship pro-am. Why? One reason is that current CEO John Stumpf doesn't play golf.

Customer satisfaction with BMO Harris fell after it bought Marshall & Ilsley thanks to a customer-service glitch and other issues, showing how hard it is to integrate acquisitions.

The Federal Reserve Board has hit a Wisconsin bank with an enforcement action, while lifting actions against two others.

Regulators are intent on reducing incentives in CEO pay. Shareholders fear they'll go too far. Susan O'Donnell of Pearl Meyer & Partners discusses where the debate is headed.

U.S. payday lenders are lashing out at the Consumer Financial Protection Bureau in the wake of a report that concluded the industry traps consumers in a cycle of debt.

HopFed is fighting back against claims by Joseph Stilwell that its CEO is overpaid.

A Congressional Budget Office report commissioned by Democrats concludes that principal reductions in modifications of loans backed by Fannie Mae and Freddie Mac would achieve more success if eligibility of the Home Affordable Modification Program were widened.

Royal Bancshares of Pennsylvania (RBPAA) in Narbeth has ended a string of 18 straight quarterly losses.

The mortgage servicer Ocwen Financial (OCN) more than doubled its profit in the first quarter following a string of acquisitions that has substantially boosted its market share.

The Federal Deposit Insurance Corp. has accused 18 former officers and directors of the parent company of Midwest Bank with reckless practices that led to the Chicago-area bank's failure during the financial crisis.

MidSouth Bank of Tennessee recently deployed software to speed up the process for documenting and calculating the allowance for loan and lease losses.

A class-action lawsuit against the three major credit bureaus made headlines when a federal appeals court threw out a proposed settlement, but more noteworthy is that the suit itself led to major improvements in how they generate consumer credit reports.

American Banker Magazine Editor in Chief Heather Landy responds to the charges and examines the possible evidence of her own unconscious bias.

Small banks are pushing to be exempted from what they call an unneeded and overly burdensome data-collection effort to spot how consumers may be abused by checking account overdraft fees and other charges.

A pair of longtime foes, community banks and credit unions, oppose CFPB rules and — gasp — are even willing to team up in lobbying for exemptions.

OptifiNow, a maker of mortgage lending software, is rolling out a service to streamline paperwork and ease compliance.

Sterling Financial in Spokane, Wash., has agreed to buy Commerce National Bank in Newport Beach, Calif.