Retail & Commercial

Since fraud liability shifts to the least compliant party after the network-mandated EMV migration dates, it is critical that financial institutions migrate all channels, including ATMs.

Farmers Capital Bank in Frankfort, Ky., will repurchase the rest of its outstanding preferred stock.

QCR Holdings in Moline, Ill., will sell 2.8 million shares in a public offering.

The Boston and San Francisco Home Loan banks are poised to join the MPF Direct program, which allows FHLB members to sell jumbo loans to Redwood Trust.

Companies like OnDeck and Lending Club are under pressure to keep finding new borrowers, but there are signs that customer acquisition costs are rising amid heavier competition.

Naugatuck Valley Financial in Naugatuck, Conn., has been freed from a regulatory order.

Bank of America, led by Brian Moynihan, at its annual meeting tried to look responsive to criticisms of its corporate governance, slow turnaround and other matters while announcing it would phase out lending to coal companies.

Western Union said it's not in talks to acquire smaller rival MoneyGram International. Bloomberg reported Tuesday that Western Union is in early-stage talks to buy the company, as both contend with competition from upstart money-transfer companies.

China's government plans to allow foreign card-payment networks to process domestic transactions. But companies like Visa and MasterCard will have a tough time capturing a percentage of China's explosive payments market.

Collection agency J.E. Robert Co. Inc., also called JER Revenue Services, faces a lawsuit that charges that firm with inflating attorney fees owed by residents in New York who were late on their water and sewer bills.