Retail & Commercial

Richard Vague, who ran credit card companies and sold them to large banks, argues in a new book that stricter capital requirements in developed countries could curb excessive consumer and commercial lending and prevent future crises.

Big banks and institutional investors were more generous in granting small-business loans in August, while their smaller competitors turned slightly stingier, according to a Biz2Credit study.

The Federal Housing Administration wants lenders to make fewer mistakes when writing mortgages for the government insurance program. The agency also wants to serve more borrowers with low credit scores. Getting both may be tricky.

The rising student loan debt is inconsistent with trends for other U.S. consumer debt categories, according to analysis by Experian.

A lack of formal training programs and insufficient financial and career incentives limit the availability of skilled risk managers.

MoneyGram has acquired the assets of Nexxo Financial, a money transfer and prepaid technology provider in Burlingame, Calif.

A Wednesday hearing by a House Financial Services Subcommittee will examine whether medical debt should be considered part of the credit scoring and reporting system.

The operators of an illegal robocall scheme, under an order Tuesday from a federal district court in New York, can no longer falsely promise to obtain refunds for consumers from the Federal Trade Commission.

East West Bancorp in Los Angeles has been hit with a nearly $39 million in damages tied to a lawsuit from a borrower.