Retail & Commercial

The Consumer Financial Protection Bureau appears to have concluded no enforcement action is necessary for World Acceptance Corp., which had been accused of trying to profit from repeat borrowers.

Flagstar Bancorp swung to a fourth-quarter loss as the company took an $80 million noncash charge to earnings because of the tax reform bill.

One-time tax adjustments helped offset ongoing declines in commercial and auto lending at the Cincinnati company.

NewDominion, which has completed an improbable turnaround, is the last community bank based in Charlotte, N.C.

The Florida company's fourth-quarter results included double-digit loan growth and a $328 million income tax benefit associated with recently passed tax reform.

The results also included a large one-time benefit tied to recently passed tax reform.

Retracting an Obama administration policy that shielded banks servicing marijuana companies threatens financial firms and makes the pot industry too reliant on cash.

Few fees, automated savings and social media engagement all reel in the 23- to 37-year-old set and present a competitive threat to big, traditional banks, according to CEO Chris Britt.

The South Carolina company also provided a timeline for heightened regulation tied to crossing the $10 billion asset threshold.

Millennials are more bank-savvy than they’re given credit for, according to a new survey sponsored by Bank of America.