Massachusetts

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

Members will receive 2 percent return on loan finance charges, bonus dividend.

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

OneUnited is trimming branches and expanding digital offerings as it builds its brand as a backer of social justice that develops innovative products such as a Black-Lives-Matter-themed debit card.

Transit agencies worldwide are attempting to eradicate cash and the bottlenecks that it causes from situations where customer throughput is paramount. But is this effort truly viable given the entrenched payment behaviors and requirements for serving everyone, even digital naysayers?

A new ad campaign aims to differentiate the credit union from big banks.

Brookline will pay $56 million in cash and stock for First Commons in a deal that will add $324 million in assets.

The Massachusetts company hired banking veteran Mark Thompson, who recently scrapped an effort to buy a struggling bank in Boston, as its bank president.

Carmen Sylvester will take the helm at the credit union, following the departure of CEO Daniel Waltz, who is now CEO of City of Boston CU.

Meridian had been looking to expand in certain Boston suburbs before agreeing to buy Meetinghouse Bancorp for $17.8 million.

Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis.

The company agreed to buy Commerce Bancshares, which has three branches in Boston.

Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer.

State Street won $110 billion of new asset-servicing business in the quarter.

The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.

Daniel Trombley ending his lengthy career, Daniel Waltz to take over the helm.

Gerard Nadeau has been the company's top commercial lending executive since 2007.

Tiny Hudson Municipal lost more than $30,000 during each of the last two years.

CU’s GiveBack program has rewarded account and loan balances 4 years in a row.

Tiny $17 million Touchstone Federal Credit Union has two branches and 2,291 members, and will merge into a credit union with more than $1 billion in assets.