Retail & Commercial

For months, the Consumer Financial Protection Bureau floated a contract giving it control over the content of bank customers' complaints submitted online to the agency. It scrapped the plan after industry objections.

Pan Pacific Bank (PPFC) in Fremont, Calif., reported a spike in quarterly earnings after reclaiming its deferred-tax asset.

Jefferson Bankshares in Oldsmar, Fla., has raised $2.4 million.

Brownsville, Texas is getting close to joining 18 other cities in Texas in passing a law regulating payday and auto title lenders, city officials report.

Citigroup, the third-largest U.S. bank by assets, will pay roughly $7 billion in fines and consumer relief to settle an investigation into risky subprime mortgages and resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.

Affirm, which launched in early 2013 with a product that resembles a digital version of a charge card, is making its payment schedules more flexible in an effort to attract more merchants and consumers.

The ATM maker and bank technology provider Diebold has named Sal Mahbouba as vice president of global services.

In Pennsylvania, Montgomery County officials report they have collected more than $1.2 million in just 10 months in delinquent court fees and fines dating to 1986.

More small banks are engaging on social media and are finding ways to highlight their community involvement, promote their personalities and better connect with customers.

Doral Financial (DRL) in San Juan, Puerto Rico, has agreed to sell roughly $825 million of assets to Abbey Finance Holdings PR.