Retail & Commercial

A medical debt relief bill in Minnesota would give consumers the right to go to court to stop a collection action on medical debt that violates federal IRS rules.

The banking industry as a whole will survive startups. But many individual banks will fail to make the changes necessary to stay relevant in a rapidly changing market.

MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said.

PNC Financial Services Group posted profit that beat analysts' estimates as commercial lending accelerated.

Bank of America Corp., the second-biggest U.S. lender by assets, posted a $3.36 billion first-quarter profit that beat analysts' estimates, as legal costs tumbled.

U.S. Bancorp posted profit that matched analysts' estimates on gains in mortgage-banking revenue.

A lawsuit filed last month by four student loan debt collection companies against the U.S. Department of Education was dismissed Tuesday by a federal judge.

Three former executives of Freddie Mac have settled charges that they lied about the government-sponsored enterprise's exposure to subprime mortgages before the market collapsed.

The San Francisco bank has produced enough growth in mortgages, C&I and other areas and made other moves to offset low rates. It is a hopeful example for mortgage-heavy banks and other lenders battling tight margins.

More than 70 banks are set to hit their seventh anniversary this year, crossing a threshold where they will have reduced regulatory scrutiny and relaxed capital ratios. While many are excited about the potential to growth, they are aiming to do so carefully.