Retail & Commercial

The U.S. Department of Defense has issued a proposal that would expand the types of credit products that are covered by the 36% rate cap and other military-specific protections under the Military Lending Act.

Popular in San Juan, Puerto Rico, has made a few changes to its management team.

Banks will listen carefully to what regulators say next about virtual currency in the U.S., but in the meantime many financial institutions view Bitcoin as far too risky to touch.

UBS AG (UBSN), Switzerland's biggest bank, said it may be hit with "material" penalties after authorities investigating alleged manipulation of foreign exchange markets started settlement talks.

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One in five consumers with bank accounts also use high-interest, alternative financial products, according to a recent survey from TD Bank.

Banks, credit unions, payday lenders and installment lenders are likely to feel the impact of restrictions on loans to members of the military that the Defense Department has proposed.

Old Line Bancshares in Bowie, Md., is planning to close four branches.

The Federal Deposit Insurance Corp. in August issued eight consent orders and one civil money penalty, according to its latest monthly roundup of enforcement actions released Friday.

Tory Nixon played defense for San Francisco's famed NFL team in some of its glory years, but now he's on offense, seeking to build out commercial lending and retail operations in Northern California for California Bank & Trust.