Retail & Commercial

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

Peoples State Bank in Albia, Iowa, has agreed to acquire a branch from Iowa City's MidWestOne Bank.

U.S. Bank has promoted Jeffrey W. Jones to president of its corporate payment systems group after he spent nearly 15 years as head of global treasury management.

Credit-card industry executives always insist that they face strong competition. But the battle between the nation's largest card issuers appears to have intensified in recent months, and it shows no signs of waning.

Consumers who lost money in an online operation that illegally debited their bank accounts when they sought payday loans are being mailed checks this week totaling $1.5 million.

A shorter, less burdensome and more sensible call report is an important step toward reducing community banks' regulatory burden.

The Consumer Financial Protection Bureau has appointed new consumer finance experts from outside the federal government to its Consumer Advisory Board, Community Bank Advisory Council and Credit Union Advisory Council.

A federal grand jury has indicted the founder of a once-booming Indiana collection agency on felony bank fraud, wire fraud and bankruptcy card charges.

Credit-card industry executives always insist that they face strong competition. But the battle between the nation's largest card issuers appears to have intensified in recent months, and it shows no signs of waning.

The profound disruption that has led to the rise of challengers like Apple, PayPal and Square can ultimately drive innovation across the financial services industry.