Retail & Commercial

U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.

A new breed of tax refund anticipation loans is testing that age-old maxim, with supporters saying that free really does mean free and critics suggesting that the products' 0% interest rates are masking the actual costs.

Stephen Steinour, chief executive of Huntington Bancshares in Columbus, Ohio, has pursued a risky strategy of taking losses in exchange for adding new customers, the Cleveland Plain Dealer reported.

U.S. consumers in December increased their borrowing at the fastest pace in three months. The result suggests that consumer spending should remain strong in the coming months.

Overhauling the S&L crisis-era method for intervening in struggling banks, which did not live up to expectations during the 2008 meltdown, should be a higher priority.

Louisiana’s Office of Motor Vehicles has recovered $22.5 million of the projected $444 million owed to the agency as a result of residents with lapsed auto insurance. But some drivers believe the state’s Office of Debt Recovery is being too aggressive.

The Federal Home Loan Bank System was designed to provide liquidity to community lenders and traditional insurers, not to unregulated lenders that circumvent the membership rules.

Activist investor Lawrence Seidman has reversed course and will support the lone Malvern Bancorp director standing for re-election.

Financial institutions that are considering technology to power digital and mobile payments have an unconventional choice—the underlying blockchain structure that enables bitcoin to hasten execution and cut costs.

Eastern Bank turned to YouTube videos as a way to connect with customers it picked up in a recent acquisition in New Hampshire. It even got a little help from Rob Gronkowski of the New England Patriots.