Retail & Commercial

Payment Alliance International reached an agreement with SchoolsFirst Federal Credit Union to apply its brand to 109 automated teller machines located in Rite Aid pharmacies throughout Los Angeles.

A generation shift could also create issues for community banks that are in search of fee income.

Bank of America Corp. will pay $245 million to settle U.S. Securities and Exchange Commission allegations that it failed to disclose rising mortgage losses and the risks of bonds tied to home loans.

The invention of baby carrots transformed Americans' vegetable-eating habits. Banks need to shake up their products and services in a similarly unique way if they hope to differentiate themselves, according to Bill Early of PlumDog Financial.

Staff from Alliance Credit Union walked through the debris in the troubled city of Ferguson, Mo., Wednesday, asking business owners if they needed a 0% loan.

A former Minnesota debt collector was sentenced Wednesday to 15 years in federal prison.

Stoneleigh Recovery Associates, based in Lombard, Ill., has acquired R&B Collections Inc. of Roswell, Ga. in a deal funded through a mix of cash on hand and new debt.

Some politicians and regulators appear determined to shrink big banks. But doing so could hurt Americans who appreciate big banks' geographical reach and wide range of services, according to financial markets scholar Stephen Matteo Miller.

A nursing home located in New Rochelle, N.Y. will pay $2.2 million to settle allegations that the business and its owner submitted more than 62,000 inflated claims to the New York State Medicaid Program.

Bank of America Corp. (BAC) will pay $16.65 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis, the Justice Department said.