Retail & Commercial

The institutionalization of peer lending is pulling banks into more competitive bidding for loans as originators expand into newer and untested asset classes, such as online real estate loans.

The banking associations in Virginia and West Virginia have, for now, called off discussion about creating a single trade group.

Deposits surged despite all the challenges in banking, according to the FDIC's latest Summary of Deposits. However, underneath that upbeat number are a lot banks and thrifts that are suffering and a few that are capitalizing on the chaos. Here is a slideshow with the highlights and lowlights.

While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at record highest, according to a new report.

A sweepstakes operator that took millions of dollars from consumers throughout the U.S. and dozens of other countries - including Canada, the United Kingdom, France and Japan - is banned from the prize promotion business under a settlement with the Federal Trade Commission.

The gradual improvement in Americans' financial situations has led to a record low level of delinquency rates.

For the first time since December, banks appear to be holding the line when negotiating rates on consumer and commercial loans. The tradeoff, however, has been decelerated loan growth.

The order is part of a settlement with the company's owner in an unrelated fraudulent payment processing case.

A gradual improvement in consumers' financial situations has led to even lower delinquency rates in several consumer lending categories, the ABA said in its latest quarterly survey.

Cardtronics, a Houston-based ATM, has completed its acquisition of Welch ATM, a Peoria, Ill.-based provider of retail ATM services.