New York Attorney General Andrew M. Cuomo today announced a settlement with a Buffalo-based collection agency that harassed and intimidated consumers, including some who did not owe the debt in question.

The Small Business Loan Fund, if approved, will not trickle down in any material amount to credit-starved small businesses.

The Treasury's CDFI Fund has ramped up its awards and is looking toward putting another $300M in capital into grants to nonprofit lenders for small lending and microlending.

The gap between long-term and short-term instruments has delivered less of a lift to banks than in the past, and lower asset yields may now be catching up with lower funding rates.

TULSA, Okla. – Tulsa FCU plans to build a branch on Riverside Drive.

ROCK ISLAND, Ill. – RIA FCU is celebrating its newest branch inside a newly-remodeled Hy-Vee in Silvis.

VANCOUVER, Wash. – iQ CU announced yesterday it has signed a multi-year agreement with FTSI for first and second line servicing on 28 Diebold ATMs.

Capital Bank reported a net second-quarter loss of $594,000, which was an improvement of 43% compared with a year earlier.

Atlantic Southern Financial Group Inc. reported a $4 million net loss for the second quarter, compared with a $23.8 million loss a year earlier.

The Medford, Ore., company raised $18.7 million in a rights offering in March and $14.6 million in a public offering in April. Yet it warned when announcing its second-quarter results late last week that it needs even more capital to comply with an enforcement action.

Having collectively made billions in consumer loans that have become delinquent at record rates since 2008, lenders now understand that relying on the credit score as a predictor of future consumer payment behavior is a bad business practice.

Citizens Republic Bancorp in Flint, Mich., reported a considerably slimmer second-quarter loss, compared to a year earlier, when it released its results late Thursday.

BOYERTOWN, Penn. – Diamond CU has signed an agreement with the Boyertown Area School District to open a branch in the Boyertown Area Senior High School.

ODON, Ind. – Crane FCU announced last week it has agreed to a request from the post commander at nearby Camp Atterbury to add a full-service branch and ATM at the camp’s Muscatatuck Urban Training Center.

IOWA CITY, Iowa – Fast-growing University of Iowa CU last week unveiled plans to build a new member support center in nearby North Liberty.

WASHINGTON — Federal and state regulators shut seven banks late Friday, pushing the failure total this year to 103. Though the pace of failures briefly slowed earlier this month, it appears to be picking up momentum again, as Friday's failures followed six last week.

First Place Financial Corp. in Warren, Ohio, reported that it lost $13 million in the last quarter and cited unfavorable market conditions in canceling a stock offering.

Encore Bancshares Inc. in Houston said Friday that it lost $12.7 million in the second quarter, compared with net income of $821,000 a year earlier.

Profits grew faster than credit problems among the first batch of community banks to post second-quarter results — another tentative sign the sector is recovering.

WASHINGTON — Federal and state regulators shut seven banks late Friday, pushing the failure total this year to 103. Though the pace of failures briefly slowed earlier this month, it appears to be picking up momentum again, as Friday's failures followed six last week.