ALEXANDRIA, Va. -- NCUA has released Rapid City Telco FCU from a cease and desist order originally issued Feb. 25, 2010.

Complaints filed with the Consumer Financial Protection Bureau about collectors totaled 2,975 in January, more than double the 1,254 in December. In 2013, starting in July when the CFPB began tracking the data, 11,043 complaints were filed against collectors.

Foundation Bancorp (FDNB) in Bellevue, Wash., has been released from an enforcement action issued by the Federal Deposit Insurance Corp. and state regulators.

Several community banks have started offering correspondent banking services, while others are expanding their products. Still, many banks are wary about repeating the mistakes of the past.

Account holders at MtGox, the massive Bitcoin exchange that abruptly shut down this may not be left completely empty-handed. If the Tokyo company files for bankruptcy, its customers could retrieve some of the funds it is holding hostage.

The Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions have terminated their regulatory agreement with Hampton Roads Bankshares (HMPR) in Virginia Beach and its subsidiary the Bank of Hampton Roads.

The $3 billion-asset company said in a press release Tuesday that Jack Allison will oversee the bank's banking, mortgage, small business, information technology and retail divisions, along with the operations of investment firm, Sun Financial Services, in a newly created post.

Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.

The company is "committed to the mortgage business for the long run" despite current challenges facing the industry, mortgage banking chief executive Kevin Watters says.

Jay Fastow and Denise Plunkett have joined Ballard Spahr as partners in the firm's New York office. They will be members of Ballard Spahr's Litigation Department and the firm's Consumer Financial Services and Antitrust Groups.

Fifth Third Bancorp (FITB) in Cincinnati has disclosed new details about a technological glitch that temporarily marred some customers' credit reports.

SunTrust Banks (STI) is forecasting as much as $300 million in legal losses tied to mortgage probes, and it has disclosed the existence of four new investigations.

JPMorgan Chase said it would eliminate about 8,000 jobs in the consumer and mortgage banking units this year as demand for refinancings declines.

Synovus (SNV) in Columbus, Ga., is planning to replace two directors and pursue a 1-for-7 reverse stock split.

Mt. Gox, the Bitcoin exchange that halted withdrawals this month, went offline as industry peers distanced themselves from the Tokyo-based company in an effort to defend the virtual currency.

Mt. Gox, the Bitcoin exchange that halted withdrawals this month, went offline as industry peers distanced themselves from the Tokyo-based company in an effort to defend the virtual currency.

Though it has critics, a new financial reporting method could give bankers a better read on small businesses.

Finding its local businesses starved of conventional bank loans, Kansas City steps in with an effective microlending program.

What do people really want in a banking relationship? They explain in their own words.

As commercial real estate lending gained momentum in 2013, so did the percentage of banks with CRE concentrations. We measure the changes since the first quarter of 2007, breaking down the data by the asset size of the banks and the states where they are based.