Retail & Commercial

First BanCorp in San Juan, Puerto Rico, has agreed to sell about $200 million in nonperforming loans and other assets to improve credit quality.

The Consumer Financial Protection Bureau's use of relatively new authority to punish actors for actions considered "abusive" is picking up steam, though the exact meaning of the term is not always easy to grasp.

The Dallas investment group completed its tender offer for Mechanics Bank last month, culminating a three-year hunt for a target to serve as the base of its roll-up strategy. With that piece in place, the company is looking to buy other banks in northern California

The Consumer Financial Protection Bureau is planning to issue rules to supervise large installment and vehicle title lenders, according to a recent report.

State Bank Financial in Atlanta reached an agreement to end its loss-share agreements for 12 failed banks that it acquired during the financial crisis.

At a time when regulators, prosecutors and the media have stepped up their scrutiny of subprime auto lending, some in the industry have changed their definitions of key terms in ways that downplay the risks involved.

In the wake of recent court rulings upholding homeowners associations' "super lien" status in foreclosures, mortgage vendors have flooded the market with products to help servicers and investors manage this long-standing threat.

Toronto-Dominion Bank, Canada's second-largest lender by assets, agreed to buy Nordstrom's Visa and private-label credit-card portfolio in the U.S. as it expands purchases in North American consumer credit.