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The CFPB is evaluating whether it should take legal action against the Minnesota company for how it handles overdraft protection. The move comes as TCF takes steps to become less dependent on services charges for fee revenue.

United Community Banks in Blairsville, Ga., has added a former BB&T executive to its board.

Just as the California and Nevada Credit Union Leagues' annual meeting was kicking off on the West Coast, the New York Credit Union Association announced it is calling on the CUNA Board to reconsider a task force's recommendation that the dual CUNA/League membership requirement be eliminated, making it one of the hottest topics on tap at CCUL/NCUL meeting in Palm Desert, Calif.

Heart O' Texas Federal Credit Union, a $55-million institution based in Waco, Tex., named Melissa Hagenbuch as its new president and CEO, effective Dec. 7.

The chief executive of First Capital Bancorp in Glen Allen, Va., plans to resign, about a month after the company agreed to sell itself.

A small, but growing, number of banks reported issues with credit during the third quarter. While most instances seem manageable, some industry observers believe bigger challenges could arise in 2016.

First Banks in Clayton, Mo., has announced that Chairman James Dierberg's son will succeed him, marking the fourth generation of the Dierberg family to lead the company.

The $3.9 billion-asset company said in a press release Wednesday that Bernard Clineberg, 66, will step down as president and chief executive in January. Christopher Bergstrom, Cardinal’s chief credit officer and chief risk officer, will succeed Clineberg as acting president and CEO. Clineberg will remain the company’s chairman.

Claremont Savings Bank in New Hampshire has found a successor to Chief Executive Sherwood Moody.

Board chair to serve on mayoral transition team, former police chief named to supervisory committee and other CU pros and volunteers make headlines.

Wells Fargo Home Mortgage has shifted Perry Hilzendeger to head up its mortgage servicing operations from his previous position of running its home loan default business.

FirstBank Holding in Lakewood, Colo., has picked new presidents for its Denver market and its market for the western suburbs of Denver.

MasterCard has named Craig Vosburg president of North America markets.

MasterCard has appointed Craig Vosburg to president of North America markets.

CIT Group, the commercial lender that’s expanded into retail banking, posted profit that beat analysts’ estimates as loans and deposits increased with the acquisition of OneWest Bank Group.

UMB Financial in Kansas City, Mo., announced that its president has resigned. Peter deSilva also vacated his post at chief operating officer, the $18.6 billion-asset company said in a press release Monday.

Flushing Financial in Uniondale, N.Y., has promoted newly hired executive Susan Cullen to chief financial officer.

Defense credit union participates in international festival and other credit unions in the news.

Investors Bancorp in Short Hills, N.J., posted higher profit in the third quarter, with strong interest income growth offsetting higher employee-related costs.

The company recently created a collateralized-debt obligation backed by bank debt, bringing to mind the types of structured investments that plagued smaller banks a few years ago. This time, StoneCastle will hold all the credit risk, instead of selling it off to banks. The CDOs are backed by relatively straightforward sub debt rather than hybrid securities.