Retail & Commercial

Former Wells Fargo & Co. customer Shahriar Jabbari filed a lawsuit against the bank Wednesday accusing it of violating the Fair Credit Reporting Act.

It's difficult to draw useful lessons from a small pilot, since banks typically stack the deck for success. Trying out new projects at average locations that serve average customers can give banks a much better picture of the obstacles that lie ahead.

JPMorgan Chase has purchased $45 billion in servicing rights from embattled mortgage firm Ocwen Financial.

Eastern Virginia Bankshares in Tappahannock has repurchased a warrant from the Treasury Department tied to the Troubled Asset Relief Program.

Other regional Federal Home Loan Banks are lining up so their members can securitize FHA and VA loans through Chicago FHLB conduit.

Prosperity Bancshares in Houston has named a new president.

WASHINGTON — The Consumer Financial Protection Bureau is taking a closer look at companies that service student loans to determine whether there are patterns of abuse and misinformation in the $1 trillion industry.

Two law firms and their lead attorney on Wednesday lost a default judgment in New York County Supreme Court after allegedly participating in a fraudulent mortgage rescue scheme.

Vendors that specialize in Bank Secrecy Act compliance can help ease community banks' regulatory burden while strengthening their controls.

Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.