Retail & Commercial

SP Bancorp in Plano, Texas, has applied for a state bank charter. The $300 million-asset company's SharePlus Bank is currently chartered as a federal thrift.

The $1.1 billion-asset company said in a press release Wednesday that its bank had been released from a memorandum of understanding with the Federal Reserve Board.

Clifton Savings Bancorp said Paul Aguggia, 50, will take over as the $1 billion-asset company's chairman, CEO and president on Jan. 1.

The Consumer Financial Protection Bureau issued a stark warning Wednesday to banks and other firms that exchange information with consumer reporting agencies, saying such companies will be heavily scrutinized for how they resolve customer disputes.

The recent leadership shuffle at Banesco USA may have resulted from problems in its compliance with the Bank Secrecy Act, according to a report in the South Florida Business Journal.

Under new rules, health insurance companies must let consumers pay their monthly premiums with general purpose prepaid debit cards.

Michael Kubacki plans to give up the CEO role at the $3 billion-asset company and its bank after its annual meeting in April 2014.

Four people in Wichita, Kan., have pleaded guilty to participating in a mortgage fraud that cost lenders more than $221,000.

Lenders continued to face challenges with loan growth in the second quarter as interest rates increased, a Federal Reserve Board report said Wednesday.

Banks in general are paying departing executives less money. But some, including Sterling Bancorp in New York, are still approving multimillion-dollar parachutes.