Americas

The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.

James Lockhart, former director of the FHFA, is replacing Wilbur Ross, who resigned when he became Commerce secretary, on the New Jersey company's board.

The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights.

EVP Kevin Miller will take over when Joseph Melbourne, Jr. retires at the end of this month after 19 years at the helm.

The Arkansas company has bought 12 banks in Florida since 2010, and its CEO said he had coveted Stonegate for years before agreeing to buy it this week. Yet there is nagging talk about a new bubble in the Sunshine State.

The credit union has more than 8,600 mortgages in Michigan alone.

Amey Sgrignoli will join the Community Depository Institutions Advisory Council for a three-year term.

SoCal native Rudy Pereira has led Wisconsin's Royal CU since 2011, but has accepted a position back home in Southern California with Premier America CU.

Lots of countries are making big changes to their payment ecosystems, with lots of public fallout. By contrast, Canada's efforts appear much more subdued.

Collaboration will allow buyers to tap state assistance for down payment, closing costs.