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FAIRFAX, Va. — As financial institutions begin to shift their marketing dollars from traditional media to digital, analysts say online spending can be good for credit unions — but only if they wisely allocate budgets in this marketplace.

WASHINGTON — As a bill that could bring monumental changes to Fannie Mae and Freddie Mac works its way through the Senate, some credit union executives are concerned that larger players would have too many advantages at the expense of small lenders.

WASHINGTON — The indications from Congress are clear: there will be reforms made to the secondary mortgage system that long has relied on government-sponsored enterprises Fannie Mae and Freddie Mac — but the $9.4-trillion question is: what will the new system look like?

A consumer debt collection agency was shut down by New York Attorney General Eric Schneiderman on Thursday morning after dozens of complaints were filed about the company's business tactics.

The Colorado state legislature could decide soon if a new type of financial services co-operative — though not a credit union — will be created to serve the marijuana industry in the state.

DENVER — The Colorado state legislature could decide soon if a new type of financial services co-operative — though not a credit union — will be created to serve the marijuana industry in the state.

HOBBS, N.M. — After 18 months of heading two New Mexico credit unions 18 miles apart, CEO Mark Roddenberry is delighted $45 million Lea Community Federal Credit Union and $13 million Estacado Credit Union have officially merged.

Floridian Financial Group in Lake Mary, Fla., is merging its subsidiaries, Orange Bank of Florida in Orlando and Floridian Bank in Daytona Beach, under the Floridian Bank name.

S&T Bancorp (STBA) in Indiana, Pa., saw its first-quarter profits rise 14% from the same period last year, to $14 million, due to organic loan growth, and improved expense control and asset quality.

CertusBank in Greenville, S.C., continues to lose money, largely because of high expenses. The $1.6 billion-asset company lost $9 million in the first quarter, according to a call report filed with the Federal Deposit Insurance Corp.

Fueled by strong loan and deposit growth, BBVA Compass in Birmingham, Ala., said Thursday that its first-quarter profits climbed 4% from the same period last year, to $114 million.

Sterling Bancorp (STL) in Montebello, N.Y., said that its fiscal second-quarter profit rose 58% after it expanded through its merger with Provident New York Bancorp.

WASHINGTON — The Consumer Financial Protection Bureau proposed several changes to its biggest mortgage rules on Wednesday which would effectively allow lenders to get more loans defined as "qualified mortgages."

Four nonbank lenders have agreed to reimburse consumers and pay penalties in connection with medical loans that violated New York usury and other laws, state Attorney General Eric Schneiderman said Wednesday.

A raft of mobile payment companies are demonstrating their technology in San Jose this week, even as they acknowledge that the sector has not yet lived up to investors' initial hopes.

BOK Financial (BOKF) in Tulsa, Okla., reported lower net income as mortgage activity declined.

United Bankshares' (UBSI) earnings increased during the first quarter, with support from the completion of its Virginia Commerce Bancorp acquisition and sale of one of its own branches.

EverBank Financial (EVER) in Jacksonville, Fla., said that first-quarter earnings fell 18% from a year earlier, to $32 million. Earnings per share of 23 cents beat the average estimate of analysts polled by Bloomberg by 2 cents.

In a highly unusual initiative, small community bank Independence Bancshares has been building a real-time transactions processing system. CEO Gordon Baird hopes to attract others to use it, too.

ALEXANDRIA, Va. — NCUA issued five prohibition orders Wednesday, banning the following people from participating in the business of any federally insured financial institution: