Colin Wilhelm

Former Federal Reserve Gov. Jeremy Stein has agreed to consult for hedge fund BlueMountain Capital Management, the fund announced Tuesday.

TCF Financial in Wayzata, Minn., has a new president. The $19.4 billion-asset company said in a press release Tuesday that Craig Dahl had taken on the newly created post.

Lendio, an online lending marketplace for small business, raised $20.5 million of equity capital in a recently completed funding round.

London's Powa Technologies and AnywhereCommerce, a mobile payments technology firm based in Montreal, are teaming up to integrate their payment development software.

AmeriServ Financial in Johnstown, Pa., has a new chief executive.

Community Bank Shares of Indiana in New Albany has registered to sell stock on behalf of several investors.

The $1.1 billion-asset company filed a shelf registration with the Securities and Exchange Commission late last week that will allow it to sell securities and issue debt.

Western Union and Hyperwallet, a payment tech firm, will partner to launch a new global mass payment product.

Signature Bank in New York has opened a private banking office in Greenwich, Conn.

UnionPay International, a Shanghai-based subsidiary of China UnionPay, has launched a rewards program with duty free businesses at airports around the world.

Bitreserve, a payments company started by CNET founder Halsey Minor that seeks to solve Bitcoin's volatility problem, has announced a new partnership with the Mexican billionaire Ricardo Salinas-Pliego and the support of two new currencies on its platform.

Ally Financial in Detroit announced its second big management change in less than two months.

Four House lawmakers announced Thursday that they had formed a bipartisan group to focus on "the new and innovative technologies in the payments industry."

U.S. Bancorp has hired a former Santander Bank executive to oversee the diversified industries segment of its large corporate banking division in New England.

Four Oaks Bank in North Carolina has named Warren "Rocky" Herring its chief credit officer. Herring had held the same job at Premier Commercial Bank in Greensboro, N.C., before NewBridge Bancorp bought it last month.

WSFS Financial in Wilmington, Del., has made a number of executive changes following the planned departure of its chief financial officer.

An outage that crippled the Internal Revenue Service's ability to process 4506-T forms for nearly two weeks has been resolved, but the capacity constraints in the tax transcript service are an ongoing challenge for the mortgage industry.

Financial Institutions Inc. in Warsaw, N.Y., has filed to sell up to $100 million in debt and equity.

Meta Financial Group in Sioux Falls, N.D., expects to have a strong fiscal second quarter despite a small charge tied to brokered deposits.

Kearny Financial in Fairfield, N.J., is moving ahead with its second-step conversion after getting approval from the Federal Reserve Board.