Retail & Commercial

Kabbage, the online small business lender, has announced a partnership to make loans to customers of United Parcel Service, the global delivery firm.

FHA tries to clarify what loan defects will bring the harshest penalties to guide lenders and instill more confidence.

First Mid-Illinois Bancshares in Mattoon plans to sell about $29.3 million in common stock in a private placement.

Home Bancorp in Lafayette, La., has agreed to buy Louisiana Bancorp in Metairie for about $75 million, or $24.25 a share, in cash. The deal is expected to close in the fourth quarter.

JPMorgan investment banker Jimmy Lee was widely eulogized as a legendary networker and bright spirit this week, but American Banker also remembers him as a builder and defender of the hotly debated universal-banking model.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

A technical error made by the Consumer Financial Protection Bureau has become a saving grace for lenders who had pushed, begged and pleaded for more time to comply with a new mortgage disclosure rule.

The banking industry, which wanted curbs on costly lawsuits over unwanted robo-calls to consumers, was dealt a rebuke Thursday by the Federal Communications Commission.

It turns out the Consumer Financial Protection Bureau's failure to file a two-page form to Congress on time was the unspecified "administrative error" that delayed the effective date for new mortgage disclosure rules.

The Federal Communications Commission rejected requests by banks and other companies that would have curbed lawsuits over unwanted phone calls to consumers.