Retail & Commercial

Payment Alliance International, a Kentucky-based independent sales organization and ATM provider, has partnered with charitable fundraising firm Digital Processing Solutions to create a new "Digital Donations" program accessible through ATMs.

Moody's managing director Will Black questions whether marketplace lenders, which generally don’t retain credit risk, have enough incentive to maintain the quality of the loans they're facilitating. He also praises the P-to-P firms for publishing detailed loan-level data.

Premier Financial Bancorp in Huntington, W. Va., has agreed to buy First National Bankshares in Ronceverte, W. Va.

The operators of a scheme that allegedly bilked millions of dollars from consumers by trapping them into loans they didn't authorize will be banned from the consumer lending business under settlements with the FTC.

While hiring a chief risk officer is a given at the big banks, smaller institutions must weigh several factors and options in determining the risk leadership model that works for them.

Twelve of the largest financial firms provided more information than they did last year in the public versions of their plans for breaking themselves up in a financial catastrophe, but whether they have done enough to reassure regulators won't be known for months.

Suffolk Bancorp in Riverhead, N.Y. has promoted Anita J. Nigrel to executive vice president and chief retail officer, a newly created position, effective Monday.

First National Bank of South Africa says the offering for its direct-deposit customers should give them one more disincentive to leave, beyond the usual hassles of switching financial institutions.

Wells Fargo and two other companies must repay customers more than $30 million in mutual-fund-related overcharges, the Financial Industry Regulatory Authority said Monday.

The Detroit automaker's lending arm is teaming up with a peer-to-peer car-sharing app — a move that could foreshadow changes in how the industry underwrites auto loans.