Banking

More than half of real estate agents are planning to extend their sales contracts to provide more time for the closing processing due to the coming implementation of new mortgage disclosures.

Symphony, the instant messaging service supported by fifteen large banks, says it will be ready to roll on Sept. 15 despite the objections of Sen. Elizabeth Warren and regulators who fear its encryption technology will impede supervision.

Pillsbury Winthrop Shaw Pittman LLP has named Marco Santori to head a team at the lawfirm that's focused on digital currency and blockchain technology.

Talmer Bancorp has enough capital for M&A, though the large repurchase of stock from W.L. Ross might rule out a big acquisition for now.

Iberiabank in Lafayette, La., has named Rick Pullum its Orlando, Fla., market president.

MVB Financial in Fairmont, W.Va., has purchased two former Susquehanna Bank branches in West Virginia from BB&T.

Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to coexist with, rather than supplant, the traditional mortgage market.

The Office of the Comptroller of the Currency has lifted its operating agreement with the banking unit of Capital Bank Financial in Coral Gables, Fla.

The Mortgage Bankers Association sent a letter to the CFPB on Monday asking the regulator to overhaul its consumer complaint database that publishes unverified complaint narratives against mortgage companies and servicers.

Four Oaks Fincorp in Four Oaks, N.C., has named an acting chief financial officer after longtime CFO Nancy Wise resigned.

A new study by the Richmond Fed confirms that swipe fees have only gone down for a small fraction of merchants, contrary to congressional intent. This finding should spur the central bank to limit price-fixing to a reasonable level.

M&T Bank has agreed to pay $485,000 and change its lending policies to settle a lawsuit that accused the Buffalo, N.Y., company of racial discrimination in making mortgage loans.

A new battle is brewing between Fannie Mae and Freddie Mac as the government-sponsored enterprises set out to boost their purchases of low down payment loans.

Using an expanded view of credit data allowed collection agencies and debt buyers to increase their recovered dollars by up to 9%, according to a new study.

Carolina Trust Bank in Lincolnton, N.C., has named an auto dealership executive to its board.

The most productive and successful salespeople hear some version of “No thanks, I’m good” more than anyone else. This kind of daily rejection is just confirmation that they're doing their jobs correctly.

Mobile banking growth and a demand for better technology is no surprise. But you might not have anticipated contending with nontraditional competitors. How to keep up? With cutting edge features like debit card/on off, our Mobile Banking App can help.

The U.S. Department of Education’s Office of the Inspector General issued a report stating the department failed to hold a student loan management company accountable for correcting deficiencies in its collection system.

Comerica has hired John Buchanan as its executive vice president of legal affairs.

Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.