Retail & Commercial

Membership in credit unions has hit 100 million for the first time, one of their top trade groups said. The numbers are subject to challenge, but banks still have plenty to fear from their nemeses. Then again, credit unions are uneasy about the future, too.

Regulators should be focusing on the greatest risks to the system and the safety and soundness of financial institutions, rather than pushing lawful businesses to the shadow banking system, says consultant and former California regulator Walter Mix.

After 40 years at Comerica Bank in Dallas, John Killian announced his retirement effective next May.

The Bank of Edwardsville in Illinois has begun looking for a new chief executive, after its current CEO, Thomas Holloway, said he would retire next spring.

The guidance, issued to help licensed collection agencies comply with the Idaho Collection Agency Act, is a response to an Idaho Supreme Court decision that impacts the way collection agencies must operate.

The Bancorp in Wilmington, Del., has revised its second-quarter results and now says it turned a modest profit in the quarter that ended June 30.

Though leveraging credit prescreening can be complicated, organizations that are proactive in developing clear policies and processes can safely market themselves to desirable customers, according to consultant Rich Walker.

Amazon.com Inc. has launched a Square-like mobile card reader called Amazon Local Register, charging early adopters just 1.75% per swipe until the end of 2015.

Fleet card provider FleetCor's planning a major push into B2B electronic payments, and hopes to get a substantial boost from its planned $3.45 billion acquisition of Comdata.

SunTrust Banks has appointed Paul Garcia, a former chairman and chief executive of Global Payments, to its board.