Retail & Commercial

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

First National Bank in Howell, Mich., has named a former Midwestern bank executive to its board.

Two top Justice Department and CFPB officials said this week that they are seeing more instances of redlining and lenders steering minority borrowers into higher-cost loans.

Wells Fargo has named Michael DeVito head of mortgage production, making him responsible for its retail and correspondent lending divisions.

NexTier in Butler, Pa., has agreed to buy Eureka Financial in Pittsburgh.

The New York licensing process for virtual currency companies is stoking fears that firms which do apply could inadvertently open themselves up to prosecution.

DCB Financial has agreed to sell its headquarters in Lewis Center, Ohio, for $8.2 million.

First Dakota National Bank in Yankton, S.D., has agreed to buy Dakota State Bank in Blunt, S.D.

Some institutions, such as Amalgamated Bank in New York, are voluntarily raising wages for tellers and other workers, while banks in cities such as Seattle and Los Angeles are being forced to pay more by municipal ordinances.

The smartphone can add significant security to payments, but it is also a tool that fraudsters can exploit. Researchers and scammers have already found several unique attacks that rely on mobile devices.