Independence Bancshares (IEBS) in Greenville, S.C., will need to raise more capital to fund its development of new payments platforms.

The Consumer Financial Protection Bureau is concerned that some mortgage brokers may be shifting to the "mini-correspondent" lender model under the mistaken belief that identifying themselves as such will automatically exempt them from consumer protection rules affecting broker compensation.

A recent report from the Center for Responsible Lending finds that debt settlement companies frequently fail to settle the bulk of their clients’ debts, leaving them in even weaker financial positions.

Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., and its Berkshire Bank have changed charters.

Consumer spending slowed in June, but remained strong in several sectors, according to First Data Corp., a global payment technology and services firm.

The ATM maker and bank technology provider Diebold has named Sal Mahbouba as vice president of global services.

First Bancshares (FBMS) in Hattiesburg, Miss., has redeemed preferred stock BCB Holding in Mobile, Ala., issued to the Treasury Department under the Troubled Asset Relief Program.

Northwest Bank in Boise, Idaho, has agreed to buy Regal Financial Bank in Seattle.

Big banks stand to lose hordes of young and dissatisfied customers to digital banking startups and tech behemoths like Google, Apple and Amazon. Community banks, on the other hand, have a more loyal base.

Citigroup Inc., the third-biggest U.S. bank, said second-quarter profit tumbled 96 percent on $3.7 billion in costs tied to a mortgage-bond settlement with U.S. authorities.

Citigroup Inc., the third-largest U.S. bank by assets, agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.

As banks cut cross-border transfer services to emerging markets because of perceived risk, the market for remittance services opens up for digital payments startups.

The Bancorp (TBBK) in Wilmington, Del., is looking to sell up to $50 million in common stock.

Two men who said they ran a payday loan brokerage in Tampa, Fla., have agreed to settle Federal Trade Commission charges that they stole hundreds of thousands of dollars from consumers' bank accounts.

Hanmi Financial (HAFC) in Los Angeles has sold two insurance businesses Chunha Holding in Garden Grove, Calif.

The San Francisco bank abandons a practice that led to more overdraft fees and drew the ire of consumer advocates.

Jane Thompson, former president of Wal-Mart Stores' financial services unit, has joined the board of the Center for Financial Services Innovation, a research group in Chicago that focuses on low-income consumers.

Blue Hills Bancorp in Norwood, Mass., has received significant demand for its planned stock sale.

The Consumer Financial Protection Bureau says brokers will have to comply with compensation limits even if they are funding loans via a warehouse line of credit.

The San Francisco bank posted strong growth in commercial loans in the second quarter, which may bode well for other banks that concentrate on business lending, but it wasn't enough to prevent questions about how Wells will be able to maintain its performance in the face of stepped-up competition from other lenders.