Retail & Commercial

Santander Consumer USA Holdings in Dallas plans to open a servicing center in San Juan, Puerto Rico.

First United Bancorp in Madisonville, Ky., has agreed to buy Town & Country Financial in Beaver Dam, Ky.

Dealing with late and missed payments from creditors is a chronic complaint of small businesses. A U.K.-based startup aims to attack the problem with YayPay, an automated invoicing platform with a bill-collections feature that launched this week in the U.S.

As the digital era continues to force banks to rethink what and who they are, institutions are increasingly pressured to relay their brand messages to consumers through newer mediums and in emotional ways rather than hard sales pitches.

Community bank executives are wary about the year ahead. Cybersecurity threats, the real possibility of even tighter margins after the Federal Reserve acts, and compliance woes are among their concerns.

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 104,111 U.S. properties in November, a nearly 10% drop from the previous month and down more than 7% from a year ago.

Webster Financial has agreed to take over the leases of 14 Citigroup branches in the Boston area, which would more than triple its retail presence there.

California officials have opened a broad inquiry into the marketplace lending business, seeking data from industry participants that will be used to assess the effectiveness of the state's current regulatory regime.

TransUnion has acquired Trustev, an e-commerce ID and fraud protection startup based in Ireland, in a $44 million deal - including $21 million initially and $23 million more contingent on meeting certain targets.

Anchor Bancorp in Lacey, Wash., has named an accountant to its board, to settle a dispute with an activist investor.