A Massachusetts law firm allegedly used unfair and deceptive practices to collect debts from hundreds of thousands of residents in the state in recent years, according to Massachusetts Attorney General Maura Healey.

Directors at credit unions used to work for free, but that is starting to change — and it's rankling banking industry officials who say it's another example of the nonprofit cooperatives mimicking banks without shouldering the same tax burden.

Lending Club, the nation's largest marketplace lender, announced Tuesday that it has raised interest rates on its new loans by an average of 0.25% in the wake of the Federal Reserve Board's recent rate hike.

The $3.9 billion-asset holding company for Busey Bank redeemed all its remaining shares in the program at a total redemption price of about $72.8 million.

Participants in an alleged credit card laundering scheme agreed to settle FTC charges that they illegally helped provide access to payment networks, enabling scammers to place bogus charges on consumers’ credit cards.

Existing-home sales plummeted in November, confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

Franklin Savings Bank in Franklin, N.H., has tapped its chief operating officer to succeed Jeffery Savage, when he retires as CEO next year.

Europe’s largest debt collector announced plans to make more acquisitions as it looks to build its presence in credit management services.

Another institution helped push New York Community Bancorp to add cash to its bid, a filing disclosed. While Astoria's board was concerned about NYCB's plans for an aggressive balance sheet restructuring and capital raise, management believed the other suitor's offer had more execution risk.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

The Connecticut Department of Banking claims a Native American tribe in Oklahoma is running two illegal high-interest loan operations but the tribe has won a delay in its battle against the imposition of $800,000 in penalties.

Tri-Valley Bank in San Ramon, Calif., said that its largest individual shareholder is making a bid to double his stake.

Finally released from a long-standing regulatory order, FNBH in Michigan is looking forward to ramping its lending, expanding its capabilities in wealth management and moving forward on plans to revamp its core processing system.

California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.

Rockhold, Brown & Co. Bank in Bainbridge, Ohio, has tapped its chief financial officer to succeed Bill Hubbard as chief executive.

Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.

First Farmers and Merchants in Columbia, Tenn., promoted Brian Williams to president of both the holding company and First Farmers and Merchants Bank. The $1.2 billion-asset company also named Timothy Pettus vice chairman of the holding company and bank.

Bank innovation has tended to focus on retail customers, but expect more technology for commercial customers in the coming year as those clients deman products that are easy to use and help them run more efficient enterprises.

A well-known advocate in the consumer debt relief industry is under investigation by federal authorities in Washington, D.C. and Montana for business ties to payday lenders.

Lawmakers are requiring the Department of Education to drop a formula that gives preference to four major federal student loan servicers and instead divvy up the accounts based on performance measures.