Retail & Commercial

Complaints filed with the Consumer Financial Protection Bureau about collectors totaled 2,975 in January, more than double the 1,254 in December. In 2013, starting in July when the CFPB began tracking the data, 11,043 complaints were filed against collectors.

Foundation Bancorp (FDNB) in Bellevue, Wash., has been released from an enforcement action issued by the Federal Deposit Insurance Corp. and state regulators.

Several community banks have started offering correspondent banking services, while others are expanding their products. Still, many banks are wary about repeating the mistakes of the past.

Account holders at MtGox, the massive Bitcoin exchange that abruptly shut down this may not be left completely empty-handed. If the Tokyo company files for bankruptcy, its customers could retrieve some of the funds it is holding hostage.

The Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions have terminated their regulatory agreement with Hampton Roads Bankshares (HMPR) in Virginia Beach and its subsidiary the Bank of Hampton Roads.

The $3 billion-asset company said in a press release Tuesday that Jack Allison will oversee the bank's banking, mortgage, small business, information technology and retail divisions, along with the operations of investment firm, Sun Financial Services, in a newly created post.

Private issuers need certainty to create a new secondary mortgage market, MBA and SIFMA officials say.

The company is "committed to the mortgage business for the long run" despite current challenges facing the industry, mortgage banking chief executive Kevin Watters says.

Jay Fastow and Denise Plunkett have joined Ballard Spahr as partners in the firm's New York office. They will be members of Ballard Spahr's Litigation Department and the firm's Consumer Financial Services and Antitrust Groups.

Fifth Third Bancorp (FITB) in Cincinnati has disclosed new details about a technological glitch that temporarily marred some customers' credit reports.