Retail & Commercial

The Consumer Financial Protection Bureau's complex payday lending proposal is sparking concerns that state legislatures will try to repeal existing usury laws and allow a parade of pro-payday-lending bills to move forward.

Access National Corp. in Reston, Va., said Thursday that it has hired Mark Moore, a veteran commercial banker, as president of Access National Bank.

Prudential Bancorp in Philadelphia has agreed to buy Polonia Bancorp in Huntingdon Valley, Pa.

Credit quality has improved across the industry over the past few years, but don't expect that trend to continue because of several economic forces, big-bank CEOs said Thursday.

As its digital consumer executive, Carrie Sumlin is tasked with making sure Ally Bank offers its customers top-notch digital services since it doesn't have any branches.

Franklin Savings Bank in Franklin, N.H., has lured an executive from Florida to become its next chief financial officer.

The Consumer Financial Protection Bureau proposal could have included flexibility for banks to offer payday loan alternatives, but the plan misses the mark.

Novantas has acquired Chicago-based consulting firm Treasury Strategies.

Mackinac Financial in Manistique, Mich., has promoted an executive from its bank to become its next chief financial officer.

Sen. Elizabeth Warren, the founder of the Consumer Financial Protection Bureau, said Thursday she would fight back against congressional efforts to delay or revamp the agency's payday lending proposal even while she acknowledged the plan could have been tougher.