Retail & Commercial

Officials in Montezuma County, Col. hope a Web-based collection management system will help them collect more than $311,000 in debt owed by current and former inmates.

The opportunity for banks from the dramatic growth in deposits goes beyond just funding loans.

A large Texas-based debt collection law firm will pay $3.4 million to settle accusations it illegally practiced law in California without having any lawyers in the state.

As fintech pitches itself as the future of consumer financial services to bankers, regulators, legislative staffers and journalists, it's not enough to claim that innovations are better. We nontechies want an explanation why, in layman's terms.

Mortgage loan officers have gotten a lot of referral business through formal marketing services agreements. Now that these agreements have come under regulatory scrutiny, referrals are going to depend even more heavily on providing real estate agents and consumers with the best mortgage experience, as a means to generate word-of-mouth marketing.

Codorus Valley Bancorp in York, Pa., will soon have a new leader for its bank.

Having shored up capital following the financial crisis, many banks are flush with cash and in search of ways to put it to use. One option for banks that did sale-leasebacks in the past is to reacquire their branches.

Community bankers and credit unions scored a significant victory while others in the mortgage industry lost out in the Federal Housing Finance Agency's final rule establishing membership standards for the Home Loan banks.

Ford Motor Credit is rolling out a pilot program that allows small groups of people to lease a vehicle together.

Umpqua Holdings in Portland, Ore., has hired Tory Nixon, who played for the San Francisco 49ers in the 1980s, as head of commercial banking.