The Latest

Aquesta Financial Services in Cornelius, N.C., has acquired an insurance portfolio from James E. Moore Agency in Wilmington, N.C.

BB&T in Winston-Salem, N.C., plans to shut down an auto leasing business it inherited after buying Susquehanna Bancshares in Lititz, Pa.

The CFPB announced Thursday that Herbies Auto Sales must provide $700,000 in refunds to customers and pay a $100,000 fine to resolve allegations it hid finance charges and deceived consumers purchasing vehicles.

ASB Bancorp in Asheville, N.C., has agreed to appoint to its board the activist investor Lawrence Seidman and another representative picked by Seidman.

The U.S. Department of Education has granted more time for companies to submit offers to perform debt collection work under a Request for Proposal.

Global Payments Inc. has finalized an agreement to distribute Mobeewave’s contactless mobile card acceptance technology to its Canadian clients beginning this spring.

Starbucks has integrated its mobile pre-ordering and payment feature into its Android app in the U.K.

For years, the financial services industry has relied on tactics such as education campaigns, sales pitches and financial penalties to get merchants to upgrade their technology. Ironically, the bad security that led to Target's 2013 data breach may have been the strongest way to deliver this message.

Elevate Credit, an online lender, has temporarily delayed an initial public stock offering because of difficult market conditions. The firm was set to price its initial public stock offering Thursday.

Money-laundering episodes included a purported Whitey Bulger associate looting a church's coffers and the arrest of a Houston socialite on gambling-related charges.