Retail & Commercial

Midland Credit Management Inc. reached a settlement with the New York City Department of Consumer Affairs related to an investigation of the company’s collection practices that started in 2012.

The recent history of bankruptcy law suggests there's a way to provide relief to borrowers overwhelmed by student loans while minimizing concerns about moral hazard.

Citigroup Inc. is in final talks to sell its Japanese credit-card unit to Sumitomo Mitsui Trust Holdings Inc. for at least 40 billion yen ($335 million), people familiar with the matter said.

The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one of the trickiest rulemakings the agency will ever attempt.

The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one the trickiest rulemakings the agency will ever attempt.

First Interstate BancSystem in Billings, Mont., has agreed to buy Absarokee Bancorp. in Absarokee, Mont.

The Securities and Exchange Commission just gave unregistered banks a way to quickly raise capital at a fortuitous time — and marketplace lending platforms a way to reclaim their peer-to-peer roots.

President Obama lauded the Consumer Financial Protection Bureau Thursday for cracking down on high interest rate, short-term loans while defending the agency against attempts to defang it.

The $24 billion-asset company said in a press release Thursday that Robert Holmes will become president and chief executive of its St. Louis market on March 31.

Toronto-Dominion Bank would consider small retail bank takeovers in the U.S. Southeast to expand its branch network on the Eastern Seaboard, Chief Executive Officer Bharat Masrani said.