VantageScore's new credit scoring model ignores accounts that were referred to collection agencies but then paid off. The company cites cold, hard numbers for its decision to drop a controversial practice.

State regulators in Georgia Friday closed the $259 million-asset Frontier Bank in LaGrange, the fourth institution to fail this year.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54.

Nationstar Mortgage Holdings was ordered to stop auctioning some home loans backing mortgage securities after an investor sued.

Christine Rush announced plans to retire as the $855 million-asset company's CFO on May 10, Old Line disclosed in a Friday filing with the Securities and Exchange Commission.

Bankers are bracing for the start of more severe anti-money laundering exams as regulators rework their standards and prepare to issue another round of guidance tackling the issue.

Firms have continued to plow money into bank deposits, but high liquidity ratios appear to be more a continuation of trends in place since the 1980s than a reaction to the financial crisis.

U.S. home prices probably will rise 8 percent this year, up from a previous estimate of a 4.7 percent increase, according to Bank of America.

If you thought bankers were happy when Barney Frank left, try 'em now that Sen. Carl Levin has decided to retire next year and relinquish his hold on the aptly named Permanent Subcommittee on Investigations.

Sen. Ron Wyden, D-Ore., is urging the Justice Department to investigate Lender Processing Services for double-billing of foreclosure-related legal fees.

U.S. private-equity investors Wilbur Ross and J. Christopher Flowers are lining up to finance British homebuyers as the country's biggest banks pull back.

Costly due diligence and the heavy demands of institutional investors still make it difficult for aspiring acquirers to pull the trigger on bank M&A.

MBIA lost an appeals court bid to recover from the FDIC at least $244 million of claims and expenses stemming from mortgage-backed securities issued by IndyMac, which failed in 2008.

The Federal Deposit Insurance Corp. responds to two recent posts that cited its underbanked survey results.

First Federal Savings & Loan Association of Bucks County still likes mortgage lending but has turned to sophisticated hedging to manage risk, incoming CEO Jeane Coyle says.

Provident Bank announced Thursday that it had hired John Lynch, a senior financial consultant who will focus on clients in the lower Hudson Valley.

William Loving believes that the banking industry will shrink at a much slower rate than what many predict.

Pacific Mercantile in Costa Mesa, Calif., reported a fourth-quarter loss as expenses rose and a tax benefit dwindled.

The Treasury Department plans to auction its holdings in seven banks, including Flagstar Bancorp (FBC), as it continues to unwind the Troubled Asset Relief Program holdings.

Bank of Farmington in Illinois is launching an investment-services division. The new unit, Bank of Farmington Investment Services, will be headed by financial advisor Chad Mayall.