Retail & Commercial

Two federal regulators — the FDIC and the OCC — issued guidance on deposit-advance products that establish strict underwriting standards for payday loans offered by banks and any related third-party vendor.

Mortgage servicers have halted the foreclosure process for hundreds of thousands of empty homes across the country. That has left many properties deteriorating and the original owners liable for taxes and upkeep.

Park Sterling in Charlotte, N.C., said it is on the hunt for bank acquisitions as it reported a record quarterly profit.

Improved asset quality and lower expenses lifted Columbia Banking System (COLB) in the first quarter.

During a lengthy interview, Jim Rohr, until recently the chief executive of PNC Financial Group, talked about cybersecurity, "too big to fail" and his bank's culture.

The Consumer Financial Protection Bureau has issued a bundle of rules designed to protect consumers involved in everything from auto loans and money transfers to mortgages. Some of those protections will result in higher costs for the very people they're designed to protect. Behind the trend: financial institutions that are passing along the cost of complying with new regulatory burdens or are pulling out of certain markets altogether.

BBCN Bancorp in Los Angeles has hired a former chief executive of Hanmi Financial and Wilshire Bancorp to lead its bank.

Yadkin Valley Financial in Elkin, N.C., tapped fee income to return to profitability.

Higher revenue and lower expenses lifted United Bankshares (UBSI) inn Charleston, W.Va., in the first quarter.

Capital One agreed to pay $3.5 million to resolve U.S. regulatory claims the bank set aside inadequate reserves for auto loan losses in 2007.