Retail & Commercial

Outstanding consumer credit, a reflection of all debt besides mortgages, rose $15.98 billion or at a 5.5% annual rate in October, the Federal Reserve said Monday.

WASHINGTON — More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users' funds after a payment processor switch, the company told lawmakers.

An activist investor has called on the lead director of Banc of California in Irvine to disclose details about Chairman and Chief Executive Steven Sugarman's involvement in an investment fund that violated securities laws.

WASHINGTON — The Consumer Financial Protection Bureau is seeking $1.85 million in fines and restitution from EOS CCA, a Norwell, Mass., debt collection firm accused of holding on to a tainted AT&T portfolio of old cellphone bills.

First Republic Bank in San Francisco has promoted Mike Selfridge to the newly created role of chief banking officer.

Scituate Federal Savings Bank in Scituate, Mass., and S-Bank in Weymouth, Mass., have merged and changed the name of the surviving institution.

Santander Consumer USA Holdings in Dallas has named Ismail "Izzy" Dawood as chief financial officer.

The core-processing vendor FIS wants to dream big like fintech startups when it comes to developing future services, but it also seeks to be large enough to offer multiple services in an era when banks are cutting back on third-party providers.

Some of BBCN's directors actually favored a deal with Hanmi to cement its position as the nation's biggest Korean-American bank. That disclosure could spur Hanmi to make a direct appeal to BBCN's shareholders in coming months.

The $241 billion-asset unit of Toronto-Dominion Bank has allegedly lent $300 million to Smith & Wesson, the maker of the guns found in last week's shooting in San Bernardino, Calif., according to Letitia James, the New York City Public Advocate.