Retail & Commercial

The Consumer Financial Protection Bureau's current approach to carrying out new authority under the Dodd-Frank Act to punish "abusive" behavior is likely not sustainable.

Grayson Bankshares in Independence, Va., and Cardinal Bankshares in Floyd, Va., have agreed to merge to form a new holding company.

The Financial Accounting Standards Board's proposal to start loss reserves when a loan is originated is antithetical to banks making localized financial decisions.

Ohio regulators announced the filing of a lawsuit Friday against Buffalo, N.Y. collection agency Rotech Holdings Ltd. for allegedly harassing and misleading Ohio residents.

Confidence in the U.S. economy appears to be rising amid low gas prices and a strong dollar as Americans stepped up their borrowing pace in September, according the the Federal Reserve’s G.19 consumer credit report.

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The unprecedented accommodative interest rate environment has spurred banks to offer long-term loans at very low rates of return, and if the cost of funds goes up — especially if it goes up more dramatically than expected — it could put depository institutions in a tough position.

Sometimes it's for the best to end a complicated relationship. At least that's the view of some bankers who have negotiated early terminations of their FDIC loss-sharing agreements.

Meta Financial Group in Sioux Falls, S.D., has promoted Cindy Smith to the newly created position of head of technology and operations.

First Guaranty Bancshares in Hammond, La., has decided to again test the market for an IPO. The $1.4 billion-asset company in December postponed a stock offering that would have raised around $65 million, as concerns mounted about the impact the slide in oil prices would have on the bank.