Retail & Commercial

An expected ballot measure, which is backed by a prominent Democrat and Republican, would serve as a referendum on South Dakota's decades-old decision to deregulate interest rates.

The CFPB’s rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena.

The Bancorp in Wilmington, Del., has sold nearly $267 million of commercial loans to an investor group.

It hasn't been easy for banks to get out of loss-sharing agreements with the FDIC, but Bank of the Ozarks recently secured the most significant early-termination deal yet. It could be a sign that banks and the regulator are getting on the same page.

Vogogo, a payments company that enables users to convert cryptocurrencies into government-backed currencies, has acquired Vanado Inc., a consulting and payment services company based in Denver.

The CFPB made an announcement in October that caused many consumer advocates to cheer and many bankers to scratch their heads. In short, it's ready to address the decades-old consumer complaint of being rejected for a checking account based on information that they believe is irrelevant, inaccurate or inconvenient.

Webster Financial in Waterbury, Conn., has changed the name of its wealth planning unit.

Old Second Bancorp in Aurora, Ill., will soon start redeeming shares it issued as part of the Troubled Asset Relief Program.

Jorge Junquera, vice chairman and special assistant to the chief executive at Popular Inc., will retire next month.

In the U.S., approximately 1.7% of credit card accounts are more than 30 days past due, which includes people who have let their bills go unpaid for more than 60 and 90 days, according to 2014 third quarter data from Experian Intelliview.