Retail & Commercial

The Office of the Comptroller of the Currency appointed Richard Taft to be its next deputy comptroller for credit risk.

Millennials may be a critical market segment for some banks, but the people now in their 20s and 30s also tend to be low-balance, transitory accountholders. It may make more sense for banks to focus their marketing dollars on the ex-slackers known as Gen X instead.

A New York judge dismissed a lawsuit alleging HSBC Holdings Plc violated a law requiring lenders to file paperwork entitling homeowners to settlement conferences within 60 days to negotiate loan modifications.

In-store bankers are experts in finding creative ways to catch potential customers' attention. That's a skill that every modern bank employee needs to hone.

Community Banker University will provide courses on topics ranging from wealth management and call reports to information technology and compliance. The platform will use a variety of channels such as in-person training and webinars.

Carolina Bank Holdings in Greensboro, N.C., has raised $15.1 million through a private placement of convertible preferred stock.

West Virginia Gov. Earl Ray Tomblin signed SB 542 into law on Tuesday, clarifying provisions of the West Virginia Consumer Credit and Protection Act.

Fair Isaac is developing a credit score aimed at the millions of people who are unable to obtain credit cards, auto loans and mortgages because lenders consider them to be too risky.

American Express Chief Executive Officer Kenneth Chenault, speaking in a city where retailers once revolted against its fees, said the lender has learned the dangers of arrogance and doesn't take any customers for granted.

The technology, still in its early development stages, will analyze Home Mortgage Disclosure Act files prior to formal submission to the regulator so lenders can spot and fix errors faster.