Colin Wilhelm

BB&T's auto-finance division will stop dealers from marking up the price on sales contracts, and instead will offer a flat-fee compensation program.

The Consumer Services division of Washington state's Department of Financial Institutions has accused Quicken Loans of sending false claims in direct mail advertising to military members.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

Austin Capital Bank, a $71.4 million-asset institution based in Texas, will originate loans for a new online consumer lending platform called Self Lender, the two companies announced.

First Mid-Illinois Bancshares in Mattoon plans to sell about $29.3 million in common stock in a private placement.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

A flood of ex-homeowners may be ready to re-enter the mortgage market over the next five years, according to a TransUnion report.

Pinnacle Financial Partners in Nashville, Tenn., has added the president of a Knoxville, Tenn., accounting firm to its board.

Tyro Payments, of Australia, will integrate its point of sale technology with the in-restaurant ordering and payment system made by Canada's TouchBistro.

Financial services technology provider Fiserv has updated its capabilities to handle EMV-chip card production entirely in-house.

Glenn Moyer, the former banking commissioner of Pennsylvania, has joined a banking risk-management consulting firm.

Wells Fargo has hired a new head of commercial real estate lending for its Orange County, Calif., office.

The U.S. Postal Service has selected Cincinnati-based Vantiv, a payment processing service provider, to be its payment service support contractor.

MUFG Union Bank in San Francisco has named Michael Feldman head of its wealth markets group.

Payday lending activity increased in California last year, but the size of loans and fees charged both declined, according to a new report from California's banking regulator.

SmartFinancial in Pigeon Forge, Tenn., has hired a chief experience and strategy officer, ahead of its planned acquisition of Cornerstone Bancshares in Chattanooga, Tenn.

Beneficial Bancorp in Philadelphia has hired a former Susquehanna Bank executive as a consultant.

Valley National Bancorp in Wayne, N.J., is planning to issue a combined $200 million in preferred stock and debt.

First Reliance Bancshares in Florence, S.C., is again current on its dividends tied to the Troubled Asset Relief Program.

The Spanish-language TV channel Univision has launched a new online small-business lending platform.