Retail & Commercial

The City of York, Pa., has partnered with MuniServices LLC, a business of PRA Group Inc., to provide revenue discovery and recovery services.

Adli Dasuqi and his companies, American Handicapped Inc. and American Handicapped and Disadvantaged Workers Inc., agreed to settle FTC charges that they tricked consumers into buying household products on the pretext that the proceeds would help disabled people.

FirstMerit reached out to a foreign bank last fall in an effort to negotiate a sale, but the Ohio company eventually agreed to sell itself to Huntington Bancshares for $3.4 billion.

"The CFO's role is evolving from bean counter to enterprise value architect," says Aneel Delawalla, managing director for CFO & Enterprise Value at Accenture.

The Securities and Exchange Commission has given community banks and other small companies more flexibility to issue private stock, but even more flexibility should be granted to fulfill congressional intent.

HSBC and American Express Ventures are part of a $75 million investment in Tradeshift, a company that speeds payments between companies and suppliers.

WSFS Financial Corporation in Wilmington, Del., is looking to raise $100 million through the sale of notes and plans to use the proceeds for a range of purposes, including possible acquisitions.

Outstanding consumer credit, a measure of nonmortgage debt, rose by a seasonally adjusted $13.4 billion in April from March, according to the Federal Reserve.

Walk down your average street in this country, and you'll find it easier to take out a loan than buy a coffee. With 22,000 payday lending locations in the U.S., Starbucks would have to grow three times in size to compete. Since the 1990s, annual loan volume has bloated to an estimated $27 billion. That's a lot of coffee.

Farmers & Merchants Bancorp in Lodi, Calif., has agreed to buy Delta National Bancorp in Manteca, Calif.