Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

WASHINGTON — Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

The National Credit Union Administration announced Thursday that it has added eight credit unions to its troubled-institution list and set aside another $170 million to cover losses at credit unions.

The Federal Reserve has ordered Albina Community Bancorp in Portland, Ore., to serve as a source of strength to its struggling community development bank.

Astoria Financial Corp. in Lake Success, N.Y., says it wants to be ready to raise capital should it need it.

Cadence Financial Corp. in Starkville, Miss., plans to raise as much as $92 million to satisfy a recent regulatory consent order.

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Troubled debt restructurings are on the rise, and they're causing regulatory headaches for bankers worried about how to properly designate and disclose the modified loans.

With the latest allegations about Goldman Sachs and others, it seems the public is ready to believe that everyone in a bank must be a crook. I, for one, do not believe it.

DALLAS — The Texas Education Agency will distribute more than $1 billion of federally subsidized qualified school construction bonds to local districts under an allocation procedure issued Monday.

WASHINGTON — The House Financial Services Committee approved a bill Wednesday to create a $30 billion fund to encourage small-business lending, despite Republican objections that the legislation was another version of the unpopular Troubled Asset Relief Program.

NEW ENGLAND

A day after financial companies banded together to rescue ShoreBank in Chicago with a $140 million investment, two Republican lawmakers are asking President Obama about his involvement.

Charter Financial Corp. of West Point, Ga., has opted for a road less traveled after shareholders balked at its plan to convert to a fully public company.

The Treasury Department said it expects to make $5.4 million from the sale of warrants to purchase common stock of Valley National Bancorp in Wayne, N.J.

WASHINGTON — Financial institutions are sounding the alarm over an amendment to the Senate bill that many initially deemed harmless but now see as threatening a key source of capital: trust-preferred securities.

Quicken Loans of Livonia, Mich., is jumping into the private-label origination business, offering its services to community banks and credit unions.

Cowlitz Bancorp. in Longview, Wash., posted a first-quarter loss that was six times higher than a year earlier.

Two already troubled community banks recorded additional first-quarter losses this week in revising their results after re-evaluating problem loans.

The administration's plan to spur small-business lending hit a big snag Tuesday as House Financial Services Committee Chairman Barney Frank acknowledged the program has no funding source.