Retail & Commercial

Bank of America has settled a national class-action lawsuit brought by former employees who claimed they weren't paid for overtime work.

The market correction and likely longer timeline for a Fed rate rise have sent some overly optimistic investors to the door, and now prices are closer in line with the fundamentals. That's setting the stage for a bounceback in some of the biggest banks' stocks and may ease pressure on them coming into third-quarter earnings season.

Old-fashioned banks and neobanks are both finding the battle for acquiring customers to be treacherous. So BankMobile, a mobile-first banking service, has launched an innovation lab-like division seeking new tech that could attract thousands of new customers per month.

First Banks in St. Louis has promoted an executive to chief operating officer and has made two additional promotions.

Harvard Illinois Bancorp shareholders have approved an agreement to sell the company, a big step toward a plan to wind down operations.

As the Consumer Financial Protection Bureau finishes regulations dealing with mortgage data reporting, a similar set of requirements for small business loans is waiting in the wings.

A decision by the U.S. bankruptcy court in Delaware to approve Corinthian Colleges' liquidation plan ultimately could mean hundreds of thousands of students won’t have to repay their loans.

A Mississippi businessman, indicted in connection with bribes paid in exchange for prison contracts, made $198,000 between 2012 and 2014 as a lobbyist for the state’s payday loan and check cashing industries.

Ten years after Hurricane Katrina wreaked havoc along the Gulf Coast, many credit unions in the area appear to have rebounded, having learned some painful lessons along the way.

Union Federal Savings & Loan Association and First Federal Savings & Loan Association, two mutuals in Kewanee, Ill., have agreed to merge.