Retail & Commercial

U.S. Department of Education Secretary Arne Duncan on Wednesday received a letter from regulators in 11 states expressing concerns about information provided to students affected by the closure of campuses operated by Corinthian Colleges Inc.

U.S. consumers borrowed more in the first quarter to pay for education and automobiles but their overall debt burden remained mostly flat, according to a report from the Federal Reserve Bank of New York.

The financial-technology explosion, or bubble, depending on one's viewpoint, continues.

Nearly 100% of all urban riots in America have occurred where the market economy either failed or didn't exist to begin with. Banks are well positioned to help bring economic opportunity to underserved neighborhoods and make free enterprise work for all.

A new study on student loans runs counter to the popular belief that rising student loan debt is hurting the ability of young adults to access credit.

Two mobile phone companies reached a $158 million settlement with federal and state regulators to resolve allegations that they added third-party service charges to consumers’ telephone bills that were not authorized by consumers.

Mitek on Tuesday rolled out a new imaging technology for financial services companies called Photo Verify. It lets bank customers take a smartphone photo of their driver's license to verify their identity.

Fifth Third Bancorp revised downward its first-quarter profit by 6%, or 2 cents per share, after the Cincinnati company booked a $30 million impairment on aircraft leases.

First Bank in Hamilton, N.J., has opened its first office in Pennsylvania.

Many lenders shy away from adjusting monthly payments based on struggling borrowers' income for fear of losing too much money, but the Education Department's expansion of such plans for student loans and new data-crunching products have reframed the longtime discussion.