Retail & Commercial

The Purchase, N.Y. card network named Brian Lang to this role, where he will be responsible for growing the unit's business by introducing new technology and product offerings. Lang will succeed Betty DeVita, who will become chief commercial officer of MasterCard Labs in New York.

WSFS Financial in Wilmington, Del., has made a number of executive changes following the planned departure of its chief financial officer.

Branch closures can prompt online blowback as community members worry about employee layoffs and stranded customers. A bank's best move is to get in front of the issue and respond directly to locals' concerns.

Hoping to deliver relief to Americans pounded by the financial crisis, the government has poured billions of dollars into NeighborWorks America, a sort of Red Cross for homeowners. But a close look at the group reveals a house in disorder — with sweetheart contracts, document fudging and unexplained departures of top officials.

The first mortgage default rate dropped for the first time since July 2014 after months of steady increases, according to the February S&P/Experian Consumer Credit Default Indices report.

The Consumer Financial Protection Bureau announced Tuesday it’s adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions

Mortgage default rates remained largely unchanged in February amidst mixed results nationwide, according to data released by S&P Dow Jones Indices and Experian.

An outage that crippled the Internal Revenue Service's ability to process 4506-T forms for nearly two weeks has been resolved, but the capacity constraints in the tax transcript service are an ongoing challenge for the mortgage industry.

JPMorgan Chase & Co., the second-largest servicer of U.S. mortgages, is buying the right to handle $45 billion of home loans from Ocwen Financial Corp., according to a person familiar with the transaction.

The Consumer Financial Protection Bureau announced Tuesday that it's seeking public comment ahead of a second study on the credit card market that could pave the way for new regulations or enforcement actions.