Retail & Commercial

Wells Fargo has promoted Tim Sloan to president and chief operating officer, a move that likely puts him on a short list of candidates to succeed John Stumpf as chief executive.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

Farmers Capital Bank in Frankfort, Ky., has hired a business lawyer as chief operating officer.

In one instance, a single complaint in the Consumer Financial Protection Bureau's database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that's par for the course, leading to inflated complaint numbers and inaccurate data.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

There was mixed news released Tuesday concerning homeowners facing financial difficulties.

New Jersey lawmakers are considering a bill requiring debt collectors to temporarily stop collection activity for victims of identity theft if they receive a written notice from the consumer.

Springleaf Holdings has changed its name to OneMain Holdings after buying its top competitor from Citigroup for $4.49 billion.

City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.

Despite the House Financial Services Committee's passage of a bill to convert the Consumer Financial Protection Bureau's leadership structure from a single director to a commission, Democrats have largely opposed the bill.