Retail & Commercial

Federal appeals court judges hearing a case challenging the Consumer Financial Protection Bureau’s single-director leadership structure appear receptive to arguments that the setup violates the Constitution.

Affirm, a three-year-old online lender that finances consumer purchases at the point of sale, has raised a $100 million in equity funding to help it boost distribution and develop new products and services.

Bank of America customers could soon interact with the bank via Facebook's Messenger app, the banking company said Tuesday.

JPMorgan Chase & Co., the biggest U.S. bank by assets, said first-quarter profit fell 6.7 percent on lower trading and investment-banking revenue and $479 million in wholesale credit costs.

Profits soared at Bank of the Ozarks in Little Rock, Ark., thanks primarily to its expanding loan portfolio.

The Consumer Financial Protection Bureau named six people to top staff positions Tuesday, including the head of a new office for small-business lending.

Long-term worries, short-term worries, the broader economy and more. Community bankers see lots of obstacles to earnings growth this year, according to a recent survey of 250 small-bank executives conducted by Vining Sparks.

Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights.

A GAO report released Monday indicates that the number of nonbank firms servicing mortgages in the U.S. is growing but the CFPB - the agency charged with protecting borrowers - does not have an accurate count of those companies.

The banking industry, in the face of prolonged challenges, is relying on professional help to improve in areas such as productivity, hiring and M&A. The hope is that being introspective now will limit the amount of costly mistakes in the future.