Retail & Commercial

Sen. Richard Shelby's bill changing how regulators gauge if a bank is "systemic" would refocus post-crisis policy on institutions that pose the greatest threat.

A Colorado credit union's failed court battle against the Fed has led to renewed calls for U.S. lawmakers to offer stronger protections to financial institutions that provide banking services to legal pot growers and distributors.

Johnson Financial Group in Racine, Wis., has agreed to buy the wealth management business of Cleary Gull Advisors.

Tompkins Financial in Ithaca, N.Y., said that its Tompkins Insurance Agencies unit bought Shepard, Maxwell & Hale Insurance.

Deloitte has named Kenny Smith leader of its financial services industry group in the U.S., succeeding Robert Contri, who had held the role since 2011.

As the purchase market heats up, banks are looking to utilize digital tools meant to make the daunting homebuying experience easier.

After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards.

Several small banks are beginning to offer employer-based loans, a payday loan alternative for under-banked consumers.

Bank of the Ozarks' willingness to buy C1 Financial in Florida depended, in part, on CEO Trevor Burgess staying with the company, regulatory filings show. Bank of the Ozarks also insisted that C1 sell $43 million in Brazilian loans before agreeing to a $403 million merger.

MainSource Financial Group in Greensburg, Ind., has named Karen Woods as chief risk officer and corporate counsel.