Retail & Commercial

Community Financial (TCFC) in Waldorf, Md., has named William Pasenelli, its president and chief financial officer, as its next chief executive.

First Marblehead (FMD) in Boston plans to change its name to Collegiate Trust Corp. and initiate a reverse stock split to keep trading on the New York Stock Exchange.

Community banks are stepping up their mobile payments offerings — and a growing number say they're doing it more to please customers rather than for the direct profits.

Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital's Arch Reinsurance Ltd. unit, expanding risk-sharing efforts by the government-backed company.

M&T Bank Corp. (MTB) said the U.S. Securities and Exchange Commission and the Department of Justice are investigating financial reports by Wilmington Trust Corp. before M&T bought the firm.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgage) dropped 23.3% in the past year, ending Q3 2013 at 4.09%, according to TransUnion.

Banks put the brakes on small-business lending in October as the government shutdown shuttered the Small Business Administration and the Internal Revenue Service.

At some point, the CFPB may start asking if issuers' credit scoring models negatively affect minority credit card applicants more than white applicants.

Bank of America Corp. Chief Executive Officer Brian T. Moynihan said U.S. consumers are in "pretty good shape" and spending more with credit cards.