A proposal to tighten membership requirements for Federal Home Loan Banks could hamper community lenders' ability to assist in affordable housing and community development programs.

Charlie Shrem, the former Bitcoin Foundation Inc. executive who pleaded guilty to charges tied to the illicit online bazaar "Silk Road," was sentenced to two years in prison by a judge who rejected his bid to remain free and "change the world."

Ocwen Financial has agreed to pay $150 million to New York regulators to settle allegations that it fudged foreclosure documents and said Monday that its founder and, executive chairman, William Erbey is stepping down after 30 years with the Atlanta company.

In Thailand, the National Legislative Assembly on Friday passed a draft law outlining a ban to protect people from being targeted by rogue debt collectors.

Some community banks have entered into the booming energy market without taking the necessary precautions, making them vulnerable to a downturn in oil prices.

Senate Banking Committee Chairman Sen. Tim Johnson (D-S.D.) is calling for joint action between the Department of Education, Department of Treasury and the Consumer Financial Protection Bureau to address student loan industry issues - including debt collection and loan servicing.

T-Mobile has agreed to fully refund its customers for unwanted third-party charges it placed on their phone bills, paying at least $90 million to settle a Federal Trade Commission lawsuit filed earlier this year.

James Herbert's bank is thriving by delivering top-notch service and maintaining strict underwriting standards at a time when many banks are struggling to increase revenues and undercutting each other to win loan business.

The Securities Exchange Commission charged the co-owners of Buffalo, N.Y.-based Reliance Financial Advisors with fraud for allegedly misleading clients about risks associated with a hedge fund managed by a former debt collector.

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Regulators on Friday closed Northern Star Bank in Mankato, Minn., the 18th institution to fail this year.

Empire Bancorp in Islandia, N.Y., has raised $20 million in a private placement.

Federal bank regulators increased the asset-size thresholds for the definition of a "small bank" and "intermediate small bank" for certain bank exams on Friday.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Charlie Shrem, the former Bitcoin Foundation vice chairman who pleaded guilty to federal charges tied to the illicit online bazaar “Silk Road,” was sentenced to 2 years in prison despite his lawyer’s bid for only probation.

Oil at $50 per barrel will almost definitely create problems for banks in oil-producing regions as well as Wall Street financial institutions that finance the sector. Analysts already forecast the price of crude will fall that low — the only other question is how long it might last.

Simmons First National in Pine Bluff, Ark., has extended the termination date for its purchases of two banks due to delays securing regulatory approval.

The $4 trillion in mortgages serviced by the largest financial institutions slightly improved in the third quarter with more loans back in performing status and fewer in serious delinquency, a regulatory report said Friday.

The Federal Housing Administration is facing severe challenges next year as some pressure it to lower premiums to deal with new competition from the government-sponsored enterprises, even while its insurance fund remains weak and it faces added scrutiny from GOP lawmakers.

The layoffs will take place across the $38 billion-asset bank's four-state service area in New York, Pennsylvania, Massachusetts and Connecticut, a spokesman for the bank confirmed.