Retail & Commercial

One week after the city of Peoria, Ill. issued an edict that $1.8 million in delinquent parking fines were being sent to a state-run collections program, city officials are reporting strong early returns.

Financial Institutions in Warsaw, N.Y., has agreed to buy Courier Capital, an investment advisory firm in Buffalo, N.Y.

With the Consumer Financial Protection Bureau's disclosure rule potentially slowing down the loan process, institutions need to focus on communication strategies to keep young borrowers at the closing table.

Billions of dollars are changing hands in the ATM industry, accelerating a revolution in how self-service is used in both bank branches and retail stores.

The industry won a small victory this month when the House voted to nullify Consumer Financial Protection Bureau guidance that had led to recent auto lender settlements, but the real battle over the bill and its potential impact is just beginning.

IMGCAP(1)]

The Senate is the next battleground for legislation requiring the Consumer Financial Protection Bureau to rescind 2013 guidance on indirect auto lending, but the bill may do nothing to slow enforcement efforts.

Pacific Investment Management Co. sued Citigroup over the bank's role as trustee for $13.8 billion of mortgage-backed securities made toxic when the housing bubble burst, leading to "substantial damages."

Citywide Banks of Colorado in Denver has raised $7 million from private-equity investors.

As U.S. banks wrangle with account-aggregation sites over screen scraping, the U.K. is championing a safer method for sharing data that could transform the way customers interact with financial institutions.