Retail & Commercial

Millennials starting their careers with $30,000 in student loans could enter retirement with far less savings than those without any education debt, according to research from the LIMRA Secure Retirement Institute.

Southwest Bancorp in Stillwater, Okla., has hired a group of former National Bank Holdings commercial lenders to lead its Colorado market.

Digital Asset Holdings, a blockchain technology developer, has named former executives from SunGard Data Systems and Swift to its board and management team.

The agency has struggled with how to regulate small-dollar and payday loans in recent years, pushing back its own deadline several times for completing a proposed rulemaking. That could be because the plan is so sweeping, some said.

Frandsen Financial in Arden Hills, Minn., has agreed to buy Provincial Corp. in Lakeville, Minn.

The agency made good on a vow to make 2015 the "year of regulatory relief," causing headaches for the banking industry in areas such as field of membership and member business lending.

California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.

Relations between banks and fintech companies are starting to thaw as the two sides begin to acknowledge the advantages of scale that exist when they join forces.

The Irvine, Calif.-based company plans to offer subprime borrowers the ability to get an auto loan online or through a smartphone.

Debt-buying giant PRA Group, based in Norfolk, Va., has seen negative operating leverage in recent years because of the effects of the global economy, according to Zacks Investment Research.