New York

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed.

Regulators placed the $3 billion-asset institution into conservatorship less than a year after the New York City-based CU fired President and CEO Kam Wong in the wake of embezzlement charges.

Undeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank.

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.

Hudson Valley Federal Credit Union wants to eventually add eight counties to the four it currently serves.

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better.

The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania.

The good times continue to roll for two New York City marshals whose work collecting debts for predatory lenders is making them millionaires.