Retail & Commercial

Incorporating bill and rental payment data into consumer credit scores would be a boon for underserved Americans. New legislation in Congress could help credit reporting agencies realize this goal.

Since the start of the Consumer Financial Protection Bureau, the debt collection industry has lived in a box of great unknowns.

Yadkin Financial in Raleigh, N.C., has agreed to sell two branches in North Carolina to Select Bancorp in Dunn, N.C.

Ally Financial and Ally Bank is starting to pay back $80 million to minority borrowers that the federal government found were victims of discrimination as a result of the companies’ indirect auto lending business.

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.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

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.