BOCA RATON, Fla.--Intercontinental Warranty Services, Inc. (IWS), a provider of after-market vehicle protection services to credit unions, said it is selling certain assets to a Chicago area-based affiliate of Kingsway Financial Services Inc. Current management, led by CEO James H. Hawk, will remain in place.

All mortgage lenders should voice their objection to the NMLS' efforts to include non-mortgage industries such as pawnbrokers, debt collectors and even used car financing companies in its registry.

State Street, the third-largest custody bank, said Edward Resch will retire next year as chief financial officer after more than a decade in the role.

Glenn S. Welch will become CEO of the company and its Hampden Bank effective Jan. 1. He is replacing Thomas R. Burton, who is retiring, the $611 million-asset company said Tuesday.

The Consumer Financial Protection Bureau is "attempting an ambitious project required under Dodd-Frank to consolidate overlapping disclosures," writes American Banker's Joe Adler.

Citing several lawsuits as evidence, activists say the bank's "abusive" lending practices triggered waves of foreclosures in low-income neighborhoods.

Ovation Holdings will acquire two branches in southwest Florida from Liberty Bank, as the Iowa thrift seeks to exit Florida.

First Citizens BancShares (FCNCA) of Raleigh, N.C., wants to open a regional headquarters in Jacksonville, Fla., and add other offices in the area.

Housing industry officials applauded the CFPB's bid to streamline mortgage disclosures, but they are now expressing concern about the more inclusive APR requirements and limits on changes in costs that can vary over time.

Credit Suisse becomes the latest institution charged with fraud involving mortgage securities in an investigation that is expected to involve others.

Credit Suisse Group AG was sued by New York Attorney General Eric Schneiderman for allegedly deceiving investors in mortgage-backed securities.

M&A could leave Chicago with 100 banks in seven years; rural banks in Midwest fetch better prices; and some large banks may have to shrink, say Stephen Nelson and Eugene Katz of D.A. Davidson.

Huntington Bancshares (HBAN) has hired a veteran executive from Bank of America (BCA) to lead a new energy lending initiative.

The president and chief operating officer of Peapack-Gladstone Financial (PGC) will leave the Bedminster, N.J., company at the end of the year.

Providing a safe harbor for only some qualified mortgage loans will swing the stringent credit standard pendulum further in the wrong direction.

Meetinghouse Bancorp in Dorchester, Mass., raised roughly $6.6 million from its initial public offering.

The $6.2 billion-asset First Financial Bancorp (FFBC) will close 10 branches to cut costs, according to a report.

The Treasury Department will receive $62 million from its latest auction of stakes it owns in banks through the Troubled Asset Relief Program.

Seeking to accelerate a process that results in taking someone's home should not be done lightly. Plus, a major driver of foreclosure time is not state law but who services the mortgage.

A dedicated line to Ray Davis' Portland, Ore., office is just another retail touch that helps the bank distinguish itself from competitors.