Retail & Commercial

Benjamin Lawsky, the New York regulator known for aggressive investigations and headline-grabbing fines against financial firms, is stepping down, and he reportedly plans to make a living offering banks and other companies advice.

With older appraisers retiring and fewer and fewer college graduates entering the profession, industry observers say that, in five to 10 years, there won't be enough appraisers to handle the volume of home sales. For lenders, that could mean higher appraisal fees and long delays in closing loans — at a time when technology could be speeding up the process.

The Korean-American bank is looking to diversify its balance sheet and revenue streams before it hits $10 billion in assets. The commercially focused lender hopes such efforts will help it once more regulation kicks in.

Former Citigroup executive Deborah McWhinney has joined the board of IHS, a provider of information on markets and industries worldwide.

Visa Inc. isn't expecting a near-term financial boost from processing domestic card transactions in China, even though the doors have finally opened up to do business in the massive Chinese market.

In the first part of a three-part conversation, CommonBond Chief Executive David Klein argues that large and small banks have different roles to play in the marketplace lending ecosystem.

The credit card delinquency rate remained steady in the first quarter while the average credit card balance per borrower fell, according to a new report.

The proposed legislation for regulatory relief seeks to roll back critical mortgage protections put in place to prevent another housing crisis.

Ohio Attorney General Mike DeWine filed a lawsuit Tuesday against a debt collection operation accused of threatening, harassing and misleading consumers.

Six of the world's biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions.