Retail & Commercial

The U.S. subsidiary of the Spanish banking giant BBVA said Friday that direct consumer loans increased 40% in the first quarter and that its digital strategy is bearing fruit.

Borrowers can get better rates elsewhere, so they're repaying ahead of schedule, leaving banks in the lurch. The steps lenders would have to take to keep the business could be prohibitively expensive.

The Rhode Island-based credit union saw lending and assets increase by more than 7 percent, respectively, while net income was up more than 15 percent.

Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense.

Many banks talk about the need to replace legacy core systems, but relatively few go through with it. The CEO of Mechanics Cooperative Bank in Massachusetts explains the case he made to his board that the promise outweighed the risk.

Not a penny of the $1 billion fine against Wells Fargo will end up in the hands of customers harmed by practices flagged by regulators.

Spirit of Texas Bancshares plans to raise $40 million to fund organic growth and acquisitions.

Sen. Elizabeth Warren, D-Mass., is asking the CFPB’s top ethics official if the agency has taken steps to ensure its acting director, Mick Mulvaney, is excluded from matters involving banks and other firms that contributed to his campaign when he was a congressman.

Readers weigh in on the action at Wells Fargo’s annual meeting, debate the idea of changing the Consumer Financial Protection Bureau’s name, chime in on a postal banking proposal and more.

The CFPB finalized an amendment to its "know before you owe" mortgage disclosure rule that gives lenders more flexibility to adjust closing cost estimates and pass those increases on to borrowers.