Retail & Commercial

The majority of first-time homebuyers plan to skip the starter-home step and move straight into the home that would meet their long-term needs, according to the Homebuyer Insights Report from Bank of America.

As the pressure builds for mortgage lenders to offer digital — specifically mobile — tools, innovators in the space are encouraging the industry to keep the customer as the focus in designing new offerings.

The FTC has closed the book on a fraudulent debt collection scheme that processed payments for payday loan debts they didn’t owe.

The deal to buy TradeKing would allow the online-only bank to offer wealth-building products to its roughly 1.1 million depositors. The additional low-cost deposits could also help fund loan growth as it looks to expand beyond auto lending and into mortgages and credit cards.

Most consumers haven't developed a "muscle memory" for using mobile wallets, says Julie Pukas, head of U.S. bankcard and merchant services at TD Bank. It will simply take more time — and, more importantly, widespread merchant acceptance — before consumers feel comfortable paying with their phones.

Officials in Pittsylvania County, Va. are seeking proposals from firms to provide collections and billing services for the county's medical transport system.

The Consumer Financial Protection Bureau is about to issue new rules that will define the future of small dollar and non-prime lending in our nation.

If you're ever wondered about the scope of risks facing your financial institution from "insiders" potentially involved in shell company dealings, the Panama Papers provide some insight.

Bancorp of New Jersey in Fort Lee has hired a former state regulator as its new chief executive.

In a more competitive-than-ever industry, sales activity is an important part of bankers' jobs, but it is not the only part.