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The increased scrutiny, mortgage bankers complain, would end recent attempts to provide home loans to borrowers with weaker credit, something the FHA has been trying to spur for years.

Consumers were less eager to seek new mortgage loans for home purchases in the first quarter, in part due to cold weather across swaths of the country, according to a Federal Reserve report released Wednesday.

Citadel EFT, a credit card processing firm, announced this week that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers.

Park Sterling Corp. (PSTB) in Charlotte has agreed to buy Provident Community Bancshares (PCBS) in Rock Hill, S.C.

SEATAC, Wash. -- Though the Target Corp. breach has received a landslide of media attention, another data theft has hit Northwest CUs hard.

Community West Bancshares in Goleta, Calif., has promoted Michael Phlaum to executive vice president and chief operating officer of its bank unit.

Citadel EFT, a credit card processing firm, announced Tuesday that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers.

Zions Bancorp. (ZIONS) in Salt Lake City has named Scott McLean as its new president.

The boards of directors of HomeTrust Bancshares (HTBI) and Bank of Commerce have reached a definitive agreement to form a strategic partnership for an undisclosed price.

Guaranty Federal Bancshares (GFED) in Springfield, Mo., plans to raise roughly $15 million in an initial public offering.

Banner Bank in Walla Walla, Wash., has entered into a business partnership with wealth management firm Coldstream Capital Management in Bellevue, Wash.

Eastern Bank in Boston has agreed to acquire Centrix Bank & Trust in New Hampshire in what would be Eastern's first expansion outside Massachusetts.

AUSTIN, Texas -- Credit unions and other community financial institutions have an opportunity to gain additional market share from big banks this year, according to new study, but CUs will still have to overcome some familiar obstacles.

BBVA Compass (BBVA) of Birmingham, Ala., has opened two new banking centers in The Woodlands, Texas, a fast-growing suburb north of Houston.

WASHINGTON -- Minneapolis Federal Reserve Bank President Narayana Kocherlakota will become the next chair of the Financial Services Policy Committee starting on March 17.

Capital One (COF) has appointed Daniel deBrauwere head of business credit, a newly created role at the bank's asset-based commercial lending and specialty finance unit.

Jay Sidhu's Pennsylvania company is building a separately branded bank that, like Simple, will target a demographic that feels no particular affinity toward traditional banks.

Regulators continue to make Bank Secrecy Act compliance one of their top priorities, according to newly available information on enforcement actions.

Chicago cab passengers who pay their fare with debit and credit cards may be victims of a security breach.

S&T Bank (STBA) has opened a new branch in State College, Pa., and hired two local community bankers to expand its presence in the region.