The Colorado state legislature could decide soon if a new type of financial services co-operative — though not a credit union — will be created to serve the marijuana industry in the state.

Bitcoin ATM provider Robocoin is touting its ATMs as bank branches after launching an online banking platform, Robocoin Bank.

Texas, a big market for reverse mortgages, has approved a variation of the product that taps the equity in a senior's home to pay for a new, often smaller, dwelling.

Floridian Financial Group in Lake Mary, Fla., is merging its subsidiaries, Orange Bank of Florida in Orlando and Floridian Bank in Daytona Beach, under the Floridian Bank name.

S&T Bancorp (STBA) in Indiana, Pa., saw its first-quarter profits rise 14% from the same period last year, to $14 million, due to organic loan growth, and improved expense control and asset quality.

CertusBank in Greenville, S.C., continues to lose money, largely because of high expenses. The $1.6 billion-asset company lost $9 million in the first quarter, according to a call report filed with the Federal Deposit Insurance Corp.

Confusion over regulatory jurisdiction and burdensome compliance costs are cutting into community banks' profits and forcing them to consolidate. But it doesn't have to be this way.

Innovations on display this week have the potential to upend the bank sales process, disrupt consumer lending and change the way individuals invest in peer-to-peer loans.

Fueled by strong loan and deposit growth, BBVA Compass in Birmingham, Ala., said Thursday that its first-quarter profits climbed 4% from the same period last year, to $114 million.

Sterling Bancorp (STL) in Montebello, N.Y., said that its fiscal second-quarter profit rose 58% after it expanded through its merger with Provident New York Bancorp.

M&T Bank (MTB) and federal law enforcement officials have begun a fraud investigation into a former loan officer at the Buffalo, N.Y., bank.

Wells Fargo cut its minimum credit score for borrowers of Fannie Mae- and Freddie Mac-backed loans to 620 from 660. The step followed moves by smaller lenders, such as the U.S. unit of Toronto-Dominion Bank.

Ontario Systems, a receivables management technology and services provider, announced its Artiva collections solution has been selected by Credence Resource Management (CRM) to drive operations in the U.S. and India.

A collection agency in New York was shut down Wednesday after an investigation revealed the company repeatedly violated the law, according to regulators.

Financial pundits weigh in on questions raised and conclusions drawn from Bank of America's capital mistake, in tweets.

New restrictions on payday lending in Louisiana failed to win passage in the state's Senate as industry lobbyists argued the proposals would shutter the storefront lenders.

MasterCard, the second-biggest payments network, posted first-quarter profit that beat analysts' estimates as customer spending increased.

Wells Fargo (WFC) has set itself an ambitious target as it seeks to raise its profile among small-business customers.

New York's chief judge is trying to reform the way banks and third parties sue borrowers over unpaid bills, joining a wave of regulatory efforts to fix widespread problems in the debt-collection industry.

The past year has seen gains in overall bank consumer satisfaction, but the news is decidedly mixed, according to J.D. Power's annual bank survey. Among the negatives: how the wealthy view banks in general and midsize institutions' falling popularity among minorities and millennials.