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Revenue from electronic channels supported by The Western Union Co., including westernunion.com, account-based funds transfers and mobile funds transfers, grew by more than 35% during the second quarter, the company said in announcing its earnings for the period.

After striking two deals around Kansas City, Mo., last year, Laney, the Boston-based president and chief executive of NBH Holdings Corp., has moved on to Colorado, buying the $1 billion-asset Bank of Choice in Greeley on Friday in a deal with the Federal Deposit Insurance Corp.

Cornerstone Mortgage Co. on Tuesday said it will comply with a consent order issued by the Georgia Department of Banking and Finance and pay $90,000 in penalties to resolve claims that the Houston-based nonbank lender allowed unlicensed loan officers to originate loans.

Wells Fargo & Co. has named Avid Modjtabai the head of its restructured consumer lending organization.

In attempting to prevent abuses of the interchange cap exemption for reloadable prepaid cards, the Fed may have inadvertently scuttled an opportunity for banks to serve low-balance account holders.

Trustmark Corp. in Jackson, Miss., said Tuesday that its second-quarter earnings jumped 21% from the same period last year, to $31.6 million.

Citing improving economic conditions, TSYS reported a 3.9% increase in second-quarter revenue. Its net income rose 4%.

Massachusetts Attorney General Martha Coakley told the state's Register of Deeds Association that she will not sign a multistate settlement with large mortgage servicers that includes a widespread release of liability for claims against the Mortgage Electronic Registry Systems.

FinCEN's final rule to prevent prepaid accounts from being used to launder money attempts to balance the concerns of many parties.

Fiserv's revenue rose 4.2% as it sold more of its bill payment and account processing software to banks.

Warburg Pincus, one of the oldest and best-known private-equity players, has arrived at a strategy that experts say might offer a blueprint for the next phase of private-equity investing in banks.

Legal experts say the placement and wording of the CFPB's form for credit card complaints may put an unwelcome spotlight on issuers' risk management strategies.

Sterling Bancorp in New York reported strong loan and deposit growth in the second quarter, but profits were dampened somewhat by the cost of exiting the government's Troubled Asset Relief Program.

First Interstate BancSystem Inc. in Billings, Mont., said this week that second-quarter net income rose 48%, to $9.9 million, from a year earlier, despite an increase in its nonperforming loans.

If the debt ceiling isn't raised, the Treasury Department could give Fannie Mae and Freddie Mac payment priority. But without a spending deal, the threat of downgrades would loom.

PrivateBancorp Inc. reported its fourth-straight quarterly profit Tuesday, but weak loan growth and declining revenue have raised questions about whether the Chicago company can maintain the momentum.

BancorpSouth shares jumped sharply a day after the company reported an impressive financial turnaround, reporting earnings of $12.8 million for the second quarter.

The Financial Industry Regulatory Authority on Tuesday said it fined SunTrust Banks Inc. $5 million for violations related to the sale of auction-rate securities.

In what would be its first open-bank acquisition in five years, Wintrust Financial Corp. in Lake Forest, Ill., announced Tuesday that it is acquiring Elgin State Bancorp Inc. in Elgin, Ill., for $13.8 million in cash and stock.