Retail & Commercial

The Chicago-based online consumer lender, which focuses on borrowers with less than pristine credit histories, is getting a boost from JPMorgan Chase, Credit Suisse and Jefferies.

Illinois has amended provisions of the Illinois Collection Agency Act, including removing language about debt collectors and raising the maximum civil penalty for unlicensed practices.

Esquire Bank, a Garden City, N.Y., bank that specializes in financial services for law firms, has raised $19.1 million in a private placement of common stock.

Old National Bancorp in Evansville, Ind., has named National Guard officer Katherine White to its board.

Bankwell Financial Group in New Canaan, Conn., has issued $25.5 million in subordinated debt and it plans to exit the Small Business Lending Fund program.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Citigroup has agreed to refund $4.5 million to global markets customers who were charged excessive fees and did not receive appropriate rebates.

AJS Bancorp in Midlothian, Ill., has hired a replacement for its chief financial officer, who resigned earlier this month.

WASHINGTON – The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

New Jersey Community Bank's chairman has resigned, less than four months after he quit as chief executive of the Freehold bank.