Retail & Commercial

Rep. Edward Royce, R-Calif., urged fellow House members Wednesday to support a Senate proposal that would make significant reforms to Fannie Mae and Freddie Mac.

BB&T has received regulatory approval for its acquisition of Bank of Kentucky Financial, with the Federal Reserve providing a blueprint for approvals of future deals.

The CFPB gave little ground in its pledge Wednesday to be "sensitive" to lenders that make a "good-faith effort" to comply with new mortgage disclosure rules that go into effect in August. The agency's statements fell short of a formal grace period that the industry and lawmakers had been demanding.

Democrats in the House and Senate have banded together around a regulatory relief bill for community banks, a response to broader reforms proposed by Republicans to roll back parts of the Dodd-Frank Act.

The Federal Deposit Insurance Corp. will prioritize requests for temporary office space and waive certain document-filing rules for Texas and Oklahoma banks affected by recent storms.

Blue Valley Ban Corp. in Overland Park, Kan., has agreed to acquire a branch in its hometown owned by The Federal Savings Bank in Chicago.

With New York's framework for regulating digital currency now final, a looming question is whether other states such as California will follow suit.

First National Bank Alaska in Anchorage has appointed Betsy Lawer as chairwoman.

WSFS Bank has teamed up with ZenBanx, a fintech startup founded by a pioneer of direct banking, Arkadi Kuhlmann. WSFS will be the first in the U.S. to power a mobile account that lets users park money in up to five currencies and send remittances. The partnership is the latest example of a traditional bank trying to inject innovation into its culture.

U.S. Bank in Minneapolis has updated its mobile corporate payments app with features that allow the use of virtual card accounts — single-use, cardless accounts through which a users are given a temporary 16-digit number with which to make a payment.