Retail & Commercial

In the joint report with the Federal Trade Commission on debt collection practices, the CFPB said it had initiated four enforcement actions last year, had resolved one case and has five others pending.

Trump Bay Street, a New Jersey luxury apartment tower part-owned by Kushner Cos., received a $200 million loan from Citigroup, according to two people familiar with the deal.

The Federal Reserve raised interest rates by a quarter-point at its Wednesday meeting and more increases are expected this year. Here's what credit unions need to know to be prepared.

FIs say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

The company will also sell $58 million in deposits to West Gate Bank.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

Fifth Third and First Republic are among the investors in the company’s $50 million equity round.

Ancora Advisors will place a representative on MutualFirst's board in exchange for supporting the company's director nominees and other policies.

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

Banks say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.