Retail & Commercial

A class-action lawsuit filed in California accuses CorrectiveSolutions of unfairly collecting debts by paying district attorneys to use their letterheads and seals.

Toronto-Dominion Bank (TD), Canada's largest lender by assets, said fourth-quarter profit rose 8 percent as earnings from domestic and wholesale banking increased.

Earthport, a cross-border payments service provider, has partnered with the digital currency network provider Ripple Labs to allow enterprise businesses, including banks, to more efficiently transmit money worldwide.

Blue Elephant Capital Management is planning a second fund to buy loans originated on online marketplaces. Unlike its first fund, this one will be unlevered, backed entirely by institutional investors' cash.

Citigroup has resolved a hang-up in its federal settlement of claims that it failed to protect the personal data of thousands of customers in bankruptcy proceedings.

U.S. consumer spending this holiday season appears to be on track to surpass last year's even after initial reports of a Black Friday retail-sales slump, according to MasterCard Inc. Chief Executive Officer Ajay Banga.

Bankrate Inc., an aggregator and publisher of rate data and news related to personal finance, has acquired Wallaby Financial Inc., a firm that provides credit card reward apps to consumers.

At a roundtable with federal and state regulators in Los Angeles this week, bankers offered some fresh ideas about possible regulatory relief. Here is a sampling.

Veteran banker Simon Williams has rejoined the board of Lending Club on the eve of its high-profile initial public offering.

New York Gov. Andrew Cuomo has approved several new rules for debt collectors, including an extended period for consumers to dispute a collection attempt.