The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.

An internal CFPB memo says it was considering a $10 billion fine before settling on $100 million; state suit against credit bureau is likely to be the first of many.

Lenders aren’t happy with the way the credit bureau has responded to the data breach; JPM chief calls digital currency “a fraud.”

Royal Bank, the first Canadian lender to report fiscal third-quarter results, saw a jump in profit from its domestic banking operations amid signs that the nation's economy is accelerating.

Bank earnings rose nearly 11% in the second quarter, according to the FDIC; Goldman lobbying to kill or weaken the rule to boost its bond trading performance.

The banking industry had mostly good news in the FDIC's Quarterly Banking Profile, with higher profits helped by interest income. But there were worrying signs too, including a big jump in credit card chargeoffs.

Higher net interest income and modest growth in expenses helped boost bank earnings by 10.7%, the FDIC said in its Quarterly Banking Profile.

The Pasadena, Calif., company reported net income of $19.3 million, up from $8 million in the same period a year earlier.

MoneyGram’s total revenue declined slightly during the second quarter to $410 million, resulting in flat growth compared to the previous quarter based on constant currency.

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange.

Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S. Treasury, but the press release announcing the company’s financial results includes new language suggesting uncertainty as to whether the payment will be made as scheduled.

Acting Comptroller Noreika says he will defer to Congress to determine whether the rule requiring mandatory arbitration should be killed; Bitcoin Cash to start trading but is causing confusion in the digital currency market.

After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum.

Fifth Third's chief legal officer has emerged as a leading contender to get the nod as the FDIC's next chief; credit card profits under pressure at banks.

The New Jersey company reported lower quarterly profit that included professional fees tied to addressing an informal order from regulators.

Profits rose 20% at the Texas bank, but net interest margin growth last quarter, and the bank’s margin outlook for the rest of this year, disappointed analysts and investors.

The Detroit company is capitalizing on other banks' retreat from the auto sector.

Purchasing VocaLink has cost Mastercard more than $900 million and some regulatory headaches, but the investment has to potential to spark new payment products and facilitate the card brand's pursuit of faster processing.

The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market.

PayPal's strategy to partner with large institutions and push its popular Venmo social transfer app are literally paying off, as the company raised its earnings outlook and reported earnings that beat analysts' expectations.