Credit Solutions of America, a Dallas-based debt resolution company, and owner Doug Van Arsdale must pay nearly $14 million in penalties and restitution to the state of Colorado and former clients for violating state laws, according to Attorney General John Suthers' office.

BancorpSouth (BXS) has reached a settlement in principle for a class-action lawsuit alleging that the Tupelo, Miss., company violated federal securities law.

Royal Financial in Chicago reported a fiscal third-quarter loss of $421,000, compared to earnings of $41,000 a year earlier, as noninterest expense rose.

Berkshire Hills is paying for its latest acquisition, of Beacon Federal, in a way that protects shareholder returns at the expense of its tangible book value.

FlexWage, which provides short-term financing to underbanked consumers, says its products are cheaper and more customer-friendly than the payday loans that regulators are scrutinizing.

Employment in the residential finance sector fell to 266,100 full-time positions in April from 267,600 in March, a difference of about 1,500 jobs, according to figures compiled by the U.S. Bureau of Labor Statistics.

The mortgage industry may have another problem on its hands: originations as measured by Fannie Mae and Freddie Mac acquisitions in the secondary market took it on the chin late this spring.

HARP 2.0, the expanded GSE refinancing program unveiled late last year, kicked into full speed during the first quarter with volumes doubling to 180,000 units compared to the prior period.

Anchor BanCorp is closing two Wisconsin branches and cutting 11 positions as it struggles to return to profitability and repay a line of credit.

Walter Investment Management Corp. (WAC) on Friday said its Green Tree unit will begin servicing about 4,000 Bank of America Corp. (BAC) mortgages this month as part of the bank's mandate to hire delinquent-loan specialists under a widely watched investor settlement.

Equity Bancshares in Wichita, Kan., has filled its tank to fuel growth. The $600 million-asset company raised $20.4 million in capital that it plans to use for acquisitions and organic growth.

United Financial of Massachusetts is buying Connecticut's New England Banchares in a deal that makes a lot of strategic sense. Yet investors have given the buyer a rousing thumbs-down.

The Office of the Comptroller of the Currency "underestimated" the risk of poor foreclosure practices at national banks and did not devote enough examination resources to identify those problems, according to the agency's chief watchdog.

Incensed shareholders and lawsuits triggered by failed say on pay votes aren't the half of it. Just wait until the expected M&A wave unleashes 'say on golden parachute' litigation.

C1 Bank is still waiting for someone to deposit $1 million and drive off with a car, but the free press from the promo — now expanded to include business clients — has enabled the Florida bank to suspend paid advertising on its name change.

Thomas Hoy has led the Glen Falls, N.Y., company since 1997. Thomas Murphy, who will become the company's president next month, is set to succeed Hoy when he steps down.

The Massachusetts company has grown in upstate New York by buying Rome Bancorp and opening about a dozen branches in recent years.

Banco Popular in San Juan, Puerto Rico, is nearing the finish line of its two-year project to rebrand itself in the continental U.S.

As leaders of church and national minority business organizations, few of our congregants or constituents understand or care about the Volcker Rule. Most, however, are concerned about the growing gap in compensation between the working poor and that of the CEOs of major banks, such as Citigroup and JPMorgan Chase.

New channels and data analysis are making it easier for financial institutions to reach people with thin credit histories.