The reality is that, if more institutions had been required to comply with CRA, bad loans probably would not have been made because CRA-reporting institutions are highly regulated.

Foreclosure homes accounted for 25% of all residential sales in the third quarter ended Sept. 30 and the average sales price of properties sold in some stage of foreclosure was more than 32% below the average sales price of properties not in the foreclosure process.

Hanmi Financial Corp. in Los Angeles has amended an agreement with Woori Finance Holdings Co. Ltd. for the second time as the companies' capitalization plan continues to face regulatory delays.

Nasdaq is giving a number of struggling companies a little more breathing room, making it easier for stocks to stay on the exchange even after falling short of listing requirements.

Heritage Financial Group Inc. in Albany, Ga., said Tuesday that it has finished its second-step conversion and is now a stock holding company.

Ameris Bancorp in Moultrie, Ga., an active buyer of failed competitors, on Tuesday appointed a president for its bank.

Heartland Financial USA Inc. in Dubuque, Iowa, has picked up a team of mortgage bankers that had worked at a failed Arizona thrift.

Lawyers for the National Credit Union Administration met Tuesday to discuss whether a federal pay freeze proposed by President Obama would apply to raises eyed for agency employees.

The total number of consumer statute lawsuits filed in the Nov. 1-15 period soared to 558, up from 503 in the previous two-week period and 497 in the first half of October, according to data from U.S. District Courts.

SAN ANTONIO, Texas – United SA FCU and the University of the Incarnate Word will open a student-run branch location on campus today.

ROCHESTER, N.Y. – ESL FCU has opened its first branch in Genesee County, with its first branch in Livingston County scheduled to open next month.

RADCLIFF, Ky. – Navy FCU opened a full-service branch here to serve employees at Fort Knox, one of two new branches launched yesterday.

SALT LAKE CITY – Utah Power CU will open its new home offices and branch tomorrow in nearby Murray.

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The $1.9 billion-asset company said in a Nov. 24 regulatory filing that David Wesel is resigning his post at Peoples Bank, effective Dec. 10.

Oriental Financial Group Inc. in San Juan, Puerto Rico, has joined a handful of banking companies by raising its quarterly dividend.

Boston Private Financial Holdings Inc. has named an insider as the president and chief executive of the unit Borel Private Bank and Trust Co.

Though some credit union CEOs continue to express dismay at NCUA in the wake of its announced plan to expand its budget — and many employees' pay — in 2011, others are saying pay increases are a needed investment to avoid having to pay higher costs down the road as a result of insufficiently trained and staffed examination teams.

In less than a year it has transformed itself from a tiny, $75 million-asset bank in Troy that focused on private banking to an almost $2 billion-asset regional player with branches in two states and its sights set on further expansion.

The Federal Trade Commission reached settlements late last week to permanently shut down a Web site that allegedly deceptively touted free government grants for personal expenses or paying off debt.