Retail & Commercial

The Consumer Financial Protection Bureau said examiners are on the lookout for borrowers getting the "runaround" when their loans are serviced by a new company.

A former Eastern Bank executive has been charged with insider trading in connection with the Boston bank's 2010 purchase of Wainwright Bank & Trust.

Credit Karma and Fandango have settled charges with the Federal Trade Commission that their mobile applications inadequately protected consumers' payments and other personal data.

Bank of America has given Thomas Montag the full title of chief operating officer, while David Darnell will move away from headquarters in Charlotte, N.C., and become vice chairman.

The hot-button topic of what Fannie Mae and Freddie Mac should charge for loan guarantees is emerging as a key issue in reviving a private-label securitization market.

Mutual-to-stock conversions are facing new hurdles, as evidenced by events at a pair of Massachusetts mutuals. Depositors at Beverly Bank recently rejected its proposed conversion, while Reading Co-op Bank changed its bylaws to make it more difficult to convert.

The FDIC, OCC and Fed all maintain that it's up to banks, not their regulators, to make decisions about whether to do business with payday lenders.

Standard Chartered agreed to pay $300 million for failing to flag suspicious transactions after promising to do so as part of a 2012 settlement with New York's banking regulator.

Citigroup, the bank that gets the most international revenue of any U.S. competitor, is considering exiting consumer banking in Japan and transferring branches to another lender, NHK reported.

Credit Karma must establish security programs to address risks during the development of applications and must undergo security reviews for 20 years under a settlement of Federal Trade Commission charges.