Retail & Commercial

Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt loads they won't be able to sustain.

Atlantic Coast Financial in Jacksonville, Fla., has taken several steps to restructure its debt holdings, including prepaying $60 million in advances with the Federal Home Loan Bank and $56.3 million of securities sold under separate repurchase agreements.

RiverNorth Capital Management is seeking to establish a closed-end fund that would serve as a source of permanent capital for so-called peer-to-peer lenders.

If Congress fails to extend the Mortgage Debt Forgiveness Relief Act, thousands of homeowners still suffering from the effects of the housing crisis could be forced to pay federal income tax on loan modifications or foreclosures.

First Mariner Bank in Baltimore has been released from a six-year-old enforcement action, after the bank filed for bankruptcy last year and was acquired by a group of Baltimore investors.

ITT Educational Services, under fire for more than a year from the Consumer Financial Protection Bureau, responded Thursday to comments from a former bureau official.

Citigroup said Jonathan Larsen will add oversight of U.S. consumer banking and mortgages to his role as global head of retail banking, the first major management changes announced under new consumer chief Stephen Bird.

TransUnion said on Thursday that its initial public offering was priced at $22.50 per share, meaning the company is valued at an estimated $4 billion.

If approved, Core Commercial Bank would be just the third new bank to open in the U.S. since the financial crisis.

There's been a lot of talk about futuristic branches. Here's how two CUs have already implemented their own strategies to take their networks to the next generation.