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WASHINGTON — A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.

The Winston-Salem, N.C., regional banking company said the purchase of Swett & Crawford should boost its annual insurance revenue by $200 million, or 15%. The cash acquisition also represents a reallocation of the rest of BB&T's approved share repurchases under last year's CCAR.

U.S. Bancorp announced executive moves at two of its payments units: Jamie Walker was named chief administrative officer for U.S. Bank Payment Services, and Bradley Herring was hired from Fiserv to succeed Walker as CFO of Elavon, U.S. Bancorp's merchant acquiring arm.

Carolina Alliance Bank in Spartanburg, S.C., has exited the Small Business Lending Fund program.

Commercial bank clients are increasingly looking to replace physical corporate cards with virtual ones to streamline bookkeeping and limit risk. The adoption of such solutions is a good sign for mobile payments overall.

The precedent set in the ongoing battle between Apple and the FBI over custom access to a device in question opens up unsettling risks on privacy and security.

Well, something has to. For proponents of modernization and greater efficiency in the syndicated loan, bond, swaps, and private placement markets, it's well past time to put investors, banks, brokers and borrowers on the same technological page.

Sandhills State Bank in Bassett, Neb., has agreed to buy Bank of Keystone in Keystone, Neb.

Dublin, Ala., an unincorporated borough in Montgomery County, is reviewing whether to hire a collection agency to pursue nearly $100,000 in overdue water, sewer and trash accounts.

Wells Fargo said soured energy loans soared 49 percent in the last three months of 2015, fueled in part by tumbling oil prices.