Retail & Commercial

The number of credit card accounts in the U.S. is increasing as the economy and job growth continue to improve, according to the American Bankers Association's latest Credit Card Market Monitor report.

Personal income gains, coupled with historically low interest rates, should help cushion borrowers and reduce the likelihood of a rise in defaults despite the recent increase in auto lending, according to a new report from London-based Capital Economics Ltd.

The top Democrat on the Senate Banking Committee on Wednesday asked the FCC to include a range of consumer protections in new rules - including limiting the number and duration of calls that can be made.

Prosper Marketplace is rebranding a personal-finance app that it acquired last year, a key part of the firm’s efforts to engage more frequently with its borrowers.

Banks reassess the borrowing capacity of oil exploration and production companies twice a year. The spring round of energy loan redeterminations is scheduled to begin in April. Will banks successfully use this process to de-risk?

Sen. Sherrod Brown is pressing the Federal Communications Commission to limit the number of calls collectors of government-backed debt can make to delinquent borrowers. His appeal comes at a time when banking groups are challenging earlier robo-calling regulations that they say inhibit their ability to collect debt.

Republican presidential front-runner Donald Trump received support from 83% of attendees polled at the Independent Community Bankers of America's annual convention. The results were more pronounced compared with a similar poll by the Consumer Bankers Association, where Hillary Clinton edged out Trump.

CFPB Director Richard Cordray said the agency has limited resources to go after bad actors for deception or fraud and consent orders are the most effective way to shape industry practices.

Citizens Financial Group will build a new office complex in Johnston, R.I., and consolidate about 3,200 workers at the location.

Retirement was good for Pamela Joseph, former head of U.S. Bank's Elavon business, but not enough to overcome the lure of a high-level executive role at Total System Services, a company rapidly transitioning into a new age of digital payments.