Retail & Commercial

Byline Bancorp in Chicago is expanding into Wisconsin with a deal to buy Ridgestone Financial Services in Brookfield, Wis., for $105 million in cash and stock.

Consumer advocates are urging the Consumer Financial Protection Bureau to strengthen its proposal to rein in payday lending, arguing it would still allow borrowers to be abused.

Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.

First NBC Bank Holding in New Orleans, which delayed the release of its 2015 annual report earlier this year, said it has submitted a plan to Nasdaq to get back on schedule with its filing of financial statements.

Visa's Digital Commerce App is allowing banks to develop their own mobile wallets. Many of its clients are larger community banks that may not otherwise have the resources to develop such a product internally.

Nonbanks now set the digital banking experience bar, but in less than a decade large banks will have swallowed them up and will have become digital financial superstores.

The Federal Trade Commission claims two Southern California law firms bilked people for $15 million in a single year in a mortgage scam.

State student loan authorities sense a business opportunity helping graduates who are gainfully employed lower their payments. Their low-cost funding could put them in competition with banks and marketplace lenders.

According to a study released this week by the marketing analytics firm Bug Insights, the annual fee is by far the No. 1 reason why card users would change providers.

Lending Club has revised its loan sales data for the last week of May after discovering that the numbers included loans that it actually bought itself.