Retail & Commercial

In an article published by Education & The Workforce Committee, Rep. Virginia Foxx, R-N.C., argues that the nation needs to move closer to addressing soaring student loan debt and the overall cost of higher education.

Credit card debt rose in the second quarter, indicating that household debt could again become an unbearable burden for consumers, according to a recent report.

Private-equity firms, as investor-driven organizations, have an obligation to consider cashing out when top-performing bank stocks are doing well, according to James Lockhart, vice chairman and W.L. Ross & Co.

The American Association of Bank Directors recently hired policy veteran Rich Whiting as executive director, and he immediately helped weigh in on some new OCC standards that concerned the trade group.

Ben Franklin Financial in Arlington Heights, Ill., is the latest mutual to announce plans for a second-step conversions.

The head of the Independent Community Bankers of America says the government has gone too far demanding banks act like law enforcement.

The Consumer Bankers Association frequently tangles with the Consumer Financial Protection Bureau, but its new chief Tim Wennes struck a more conciliatory tone in an interview. Rules that promote transparency and consumer understanding are good, but consumer choice has to be preserved, he said.

Wilmington Trust Co., a unit of M&T Bank Corp. (MTB), agreed to pay $18.5 million to settle U.S. regulatory claims that the bank failed to report construction loans that weren't being repaid.

The Bill and Melinda Gates Foundation will provide $100,000 to organizations that promote the use of digital payments for the poor.

Interest in a market for buying and selling nonguaranteed portions of SBA loans is slowly taking shape as a need for earning assets outweighs concerns over risk and underwriting costs.