Opus Bank in Irvine, Calif., has named a new head of commercial real estate lending after its current leader resigned.

The cumbersome regulations for prepaid products proposed by CFPB could reduce market competition, discourage innovation and effectively cut off many Americans' participation in the digital economy.

Global Debt Registry announced that its Account Extinguishment Report is available for free to consumers on its consumer website Debt Lookup. The firm calls it "a solution for protecting consumers from attempts to collect on settled, cancelled or closed accounts."

Community Bank in Pasadena, Calif., has completed a debt restructuring that will reduce second-quarter profit, but will improve its cost of funds and margins and increase yearly income.

The mega-banks' P2P venture, clearXchange LLC, has developed technology that could give it a key role in any implementation of faster payments in the U.S.

Rita Lowman, chief operating officer at C1 Financial in St. Petersburg, Fla., has been named chairwoman-elect of the Florida Bankers Association.

Emclaire Financial in Emlenton, Pa., has raised $8 million in a private placement of its common stock.

"Wells Fargo" is suddenly the name that shall not be spoken for the Philadelphia 76ers.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the pitfalls of using alternative data to score "credit invisibles" and whether Benjamin Lawsky's successor should play nice with big banks.

Riverview Bancorp in Vancouver, Wash., is in talks with an activist investor about a board seat.

Almost two-dozen banks in New York City do not appear to offer or widely advertise basic checking accounts, although state law requires it, the New York City Comptroller said Friday.

Worth Carter is reluctant to talk to investors and media. He is tight-fisted with costs and is willing to hold off making loans. His namesake bank doesn't offer online banking. But the institution is riding a hot streak of profitability that would make other banks jealous.

Community West Bancshares in Goleta, Calif., said that a litigation settlement concerning its sale of residential-mortgage loans will reduce its second-quarter profit.

A watchdog group is proposing a ballot measure that would impose a cap on interest rates charged by the lenders.

Highlands Bancorp in Vernon, N.J., has acquired LCD Mortgage, a residential mortgage originator in Totowa, N.J.

Private mortgage insurers see deeper coverage of GSE loans as a way to expand business, while lenders hope it could lead to a reduction to guarantee fees.

A city of Los Angeles lawsuit accusing Wells Fargo & Co. of opening bank accounts without customers' permission in order to reach sales quotas should be heard in federal court, according to the bank.

People's Utah Bancorp in American Fork has filed for a $36.3 million initial public offering. The $1.4 billion-asset holding company for Bank of American Fork and Lewiston State Bank plans to sell 2.5 million shares of common stock for $14.50 each.

Town officials in Manchester, Conn. have hired a collection agency to pursue people who are delinquent on their motor vehicle taxes.

American Banker readers share their views on the most pressing banking topics of the week, from the qualities we should look for in the next sheriff of Wall Street to overdraft fee regulation. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.