Retail & Commercial

SmartFinancial in Knoxville, Tenn., has appointed a chief credit officer for its newly acquired Cornerstone Community Bank.

The Consumer Financial Protection Bureau is attacking the much-maligned business tactics of the debt collection industry from multiple angles.

The Consumer Financial Protection Bureau is attacking the much-maligned business tactics of the debt collection industry from multiple angles.

Bank earnings may be on the up and up, but aging business models are still putting a drag on most financial institutions' performance.

Orchard Platform, which provides services to institutional investors in the marketplace lending industry, has raised $30 million in additional funding.

Banks are going to keep cranking out loans at a brisk pace for the foreseeable future, according to the heads of three Chicago-area banks. That could spell trouble if the competition leads to reckless credit decisions.

The consumer agency, which recently reached a large settlement with JPMorgan Chase over collections practices, turned its focus Wednesday to the country's two largest debt buyers.

Iron Mountain, the leading provider of document storage, is buying its main rival. If the merged company tried to raise prices, it might be the final straw that motivates banks to shift data storage to the cloud.

Comptroller of the Currency Thomas Curry said banks could consider loan-to-value ratios above 90% to help revitalize areas hurt by the housing crisis.

Retail ATM provider Cardtronics Inc. has renewed its service agreement with Target Corp. as the exclusive provider of ATMs for the national retailer.