Retail & Commercial

Fair Isaac's new credit scoring model includes enhancements to evaluate borrowers with limited credit histories and quantify the risk associated with different types of debt.

Fair Isaac Co. revealed Thursday that its revamped credit score model will not weigh medical debt as heavily as previous versions, a key change given that medical debt accounts for nearly half of all unpaid collections on consumers' credit reports.

More than 1,300 consumers victimized by two related mortgage relief scams will be getting approximately $800,000 as a result of a settlement announced Friday by the federal government.

The deal is for approximately $70 million in cash with Encore Capital making additional payments totaling $126 million to retire some of Atlantic Credit & Finance's debts and obligations.

Banner Corp. in Walla Walla, Wash., has agreed to buy Siuslaw Financial Group in Florence, Ore.

Peoples Bancorp in Marietta, Ohio, has raised $40 million through a private placement.

Peyton Patterson has resigned from Bankwell Financial in New Canaan, Conn., less than two months after she was ordered to pay $350,000 in Amex bills and had to resolve other personal financial matters. She had led the company since 2012.

Two separate cases involving collection agencies that allegedly violated federal debt collection laws were closed Thursday in settlements announced by the Federal Trade Commission.

Fifth Third Bancorp has agreed to pay about $1.5 million to settle allegations it discriminated against mortgage borrowers with physical disabilities.

A loyal patron of the Connecticut bank celebrated her upcoming 95th birthday with some flowers courtesy of the CEO and a chauffeured ride to the annual meeting.