Retail & Commercial

Triumph Bancshares in Memphis says it has been mistakenly contacted by customers of Triumph Bancorp in Dallas, and has concluded that the Triumph moniker isn't big enough for both institutions. It's hoping a lawsuit will force the Texas bank to change its name.

WASHINGTON — A new mortgage disclosure regime due to take effect on Aug. 1 is unlikely to cause closing delays, according to Consumer Financial Protection Bureau Director Richard Cordray.

The chief executive of CertusBank in Greenville, S.C., has officially stepped down after undergoing heart surgery.

Presidio Bank in San Francisco has added longtime California banking executive James Westfall to its board of directors. He will serve on the bank's audit and asset liability committees.

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

All banks must manage risk. But this needn't be their sole focus any more than a restaurateur's sole purpose should be to prevent contaminants from getting into food.

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

Nationwide Biweekly Administration, Loan Payment Administration and Daniel Lipsky - the owner of both companies - are named as defendants in a Consumer Financial Protection Bureau lawsuit that accuses the firms of deceptive mortgage practices.

A new study by a consumer group found that checking account disclosures at the nation's largest banks have improved, but overdraft fee practices are largely unchanged from previous years.

Customers Bancorp in Wyomissing, Pa., is planning to raise at least $48 million by selling preferred stock.