Lalita Clozel

The financial industry is fractured over a Federal Deposit Insurance Corp. plan to require big banks to temporarily pay more in deposit insurance premiums, with small banks lobbying to force bigger payments over a shorter time frame and many large ones wanting to stretch it out.

WASHINGTON — While it pursues the search for a permanent acting deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.

While it searches for a permanent deputy director, the Consumer Financial Protection Bureau has named David Silberman to serve as its acting No. 2 starting next week.

WASHINGTON — JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.

A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $5.3 million in small-business loans.

SB Financial Group in Defiance, Ohio, has bought a former Fifth Third Bank branch in Bowling Green, Ohio.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

In a closely-watched Colorado case that could set a precedent for financial institutions seeking to serve marijuana retailers, a judge has encouraged both parties to consider a mellow resolution.

Moscow-based startup Cardberry is planning to launch an app and device to streamline discount and loyalty cards.

A London-based startup aims to allow consumers to use Bitcoin as a form of payment – even with merchants that haven’t started using the digital currency.

The Treasury Annex building in Washington is slated to be renamed in honor of a bank that served emancipated slaves after the end of the Civil War.

The $69.4 million CU announced Thursday that Michael Abraham, the vice-president of operations, will take the helm on Dec. 24.

A large investor in 1st Source is planning to sell nearly $37 million of the South Bend, Ind., company’s stock.

The $1.1 billion-asset company said in a press release Thursday that Thomas Vertin will also become its president on Jan. 1.

First Tennessee Bank has established a partnership with the nonprofit Operation Hope to offer free financial literacy workshops and counseling sessions in several branches.

Cardinal Bankshares in Floyd, Va., has named a new chairman and made additional executive appointments ahead of its merger with Grayson Bankshares in Independence, Va.

Eagle Bancorp in Bethesda, Md., has added equipment leasing to its lineup of commercial banking products.

WASHINGTON -- More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users’ funds after a payment processor switch, the company told lawmakers.

WASHINGTON — More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users' funds after a payment processor switch, the company told lawmakers.