Americas

Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses.

Lenders grew more optimistic that Congress will undo or narrow the loan-loss accounting standard after members of a House subcommittee assailed Russell Golden for approving the rule without studying its impact on credit availability.

Executives at Beach Community want to pursue more acquisitions in central Florida.

The Massachusetts savings bank will gain branches in two communities as part of the acquisition.

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

The credit union has returned payouts of $5 million or more for each of the last eight years and has issued a dividend of some sort every year since the mid-1990s.

The Bay State is the latest to push its lawmakers to modernize how CUs do business in order to help state charters remain competitive with federal charters.

Organizers of First Women's Bank have also filled two key executive posts.