Retail & Commercial

Credit card debt hit $807 billion in the fourth quarter of 2016, with consumer balances on average exceeding $4,800, according to a report released by the Consumer Financial Protection Bureau.

Here's another look at how credit unions across the country are giving back to the communities they serve.

Consumers’ desire to shop online is creating huge demand for distribution centers and forcing property owners to think creatively about redeveloping vacant retail space. Meanwhile, hundreds of billions of dollars will be spent rebuilding areas hard hit by hurricanes and wildfires.

Credit union examiners will be focused on cybersecurity, BSA compliance, fraud prevention and more.

TD Bank's new lab seeks to divine the future of banking.

The veteran banker wants to turn his Pennsylvania bank into a major business lender. But first he has to spin off the buzzy digital-only bank he helped build.

For all of the noise in the payments industry around transitioning to real-time and same-day digital payments — and in the mainstream media around the bitcoin craze — paper checks still persist as the preferred means of disbursement for the majority of business-to-business transactions.

Scott Page, CEO of CoBiz Bank, will retire in a few days. He will be succeeded by Steven Bangert, the company's chairman and CEO. The company's chief financial officer will also become its chief operating officer.

The company will gain four Chicago-area branches as part of the $41 million all-cash acquisition for the parent of ABC Bank.

Rita Lowman recently joined the bank from C1 Financial, where she had been chief operating officer.