Retail & Commercial

Two independent mortgage banks agreed to settlements in the past week with the Justice Department for failing to meet Federal Housing Administration guidelines. The cases are a warning to nonbank lenders that they need to beef up self-reporting of deficiencies, and they remind large banks about the legal risks associated with FHA lending.

A Massachusetts collection agency and debt buyer is the target of a federal complaint filed Monday by the Consumer Financial Protection Bureau. The agency is accused of reporting and collecting on old cellphone debts disputed by consumers.

Peoples Financial Services in Scranton, Pa., has bought a retirement planning operation.

The debate over whether signatures or PINs are a stronger security feature overlooks the fact that neither is the most important defense against fraud.

Codorus Valley Bancorp in York, Pa., plans to sell $30 million of stock to fund its exit from the Small Business Lending Fund program.

Credit unions have a lot of work to do to modernize branches and keep their technology on par with other businesses' digital tools.

The financial outlook for nonprofit healthcare facilities in the U.S. has improved enough that the hospital industry should be able to ward off upcoming shifts in government payments and moves by employers to coordinate care toward outpatient services, according to a report from Fitch Ratings.

The vaguely defined term needs an overhaul to meet the financial demands of refugees and others long ignored by efforts to expand banking access.

BBCN Bancorp in Los Angeles has agreed to buy Wilshire Bancorp in Los Angeles.

There are no easy fixes to Nationstar's myriad problems — including a plunging stock price and increased regulatory scrutiny — but Chief Executive Jay Bray says the turnaround starts with a commitment to improving customer service.