Atare Agbamu promised his elderly clients that reverse mortgages were regulated to protect them and their spouses and heirs. Then he came across a HUD letter to lenders indicating otherwise.

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

The Utah-based payments processing company eGlobal has acquired the assets of The Best There Is Inc., a provider of ATM services in Boca Raton, Fla.

Rodger Levenson of WSFS Financial (WSFS) in Wilmington, Del., has been appointed chairman of the Delaware Bankers Association.

The San Diego-based debt buyer has actively acquired several international business in the past year.

Three key crisis response concepts can help bank leadership teams avoid the fate of Target CEO Gregg Steinhafel, who resigned this week in the aftermath of the company's holiday season cyberattack.

The Consumer Financial Protection Bureau released a snapshot report reviewing mortgage debt challenges faced by older Americans.

Taylor Capital (TAYC) in Chicago is no longer looking to sell its mortgage banking operation.

CINCINNATI — As banks cut back on branches, credit unions are stepping up their interest in bricks-and-mortar service delivery.

First Farmers Financial (FFMR) in Converse, Ind., has agreed to buy seven branches in Indiana from Bank of Montreal's BMO Harris Bank.

GLENDALE, Calif. — When it was time to remodel its branch here earlier this year, Los Angeles Federal Credit Union installed touch screen and other technology to up its cool quotient.

SAN ANTONIO — Credit union branches are less likely to be a "destination" for members, so the key is to be where the members already are. That's why progressive CUs are exploring and expanding in-store branch opportunities.

Branch transformation is a hot topic these days — it seems everyone has a different idea of what it means. When I ask credit unions what they think of it, I get a myriad of responses.

Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., reported higher net income that largely reflected lower expenses and a spike in income from bank-owned life insurance.

Longtime friends and business partners Alex Charfen and Price Givens have formally launched BitcoinWallet.com, which they plan to market as a social, consumer-friendly and transparent digital currency wallet.

State courts around the country are starting to reform the ways they handle lawsuits over unpaid bills, widening the regulatory overhaul of banks' and third parties' debt-collection practices.

Six Democrats whose support is crucial to a U.S. Senate plan to replace government-owned mortgage firms Fannie Mae and Freddie Mac have decided they won't support the proposal without major revisions, dimming its chances of becoming law this year.

Glacier Bancorp (GBCI) in Kalispell, Mont., has agreed to buy First National Bank of the Rockies in Grand Junction, Colo.

Kevin Cummings, CEO of Investors Bancorp, wants to reach $30 billion in assets in the next six years, but he admits that Investors must sharpen its focus on commercial clients to achieve that objective.

The Federal Reserve is seeking input on a measure that would bar U.S. banks from acquisitions that push their share of all financial-company liabilities above a 10% threshold.