Retail & Commercial

Mortgage applications rose last week led by an uptick in purchases even as 30-year interest rates climbed.

Overall U.S. consumer borrowing, including credit card borrowing, increased in May - primarily the result of Americans taking out more loans to buy cars.

Citigroup may reach an agreement with federal prosecutors as early as next week to resolve a probe into sales of mortgage-backed bonds before the 2008 financial crisis, a person familiar with the negotiations said.

Ginnie Mae executives are anxiously watching the congressional appropriations process to see if they can hire more personnel to beef up the agency's monitoring and risk management units.

Alternative payments provider ZipZap has added new Central and South America nations to its cash-to-Bitcoin network.

Consumer borrowing in the U.S. surged again in May as Americans took out more loans to purchase cars, Federal Reserve figures showed. Non-revolving lending, which includes auto and school loans, advanced by the most in a year.

Rep. Darrell Issa on Tuesday accused the Justice Department and FDIC of letting the anti-fraud crackdown called Operation Choke Point interfere with legitimate banking business. He also said that legal pot businesses should have access to the banking system.

With millions of malware strains targeting mobile devices today, bank CEOs and their security chiefs are understandably anxious. Here's a look at several defensive moves banks can make.

The Consumer Financial Protection Bureau is allowing lenders to skip "ability-to-repay" rule when transferring a loan to the kin of a deceased borrower or for other life events.

Peer-to-peer lender Upstart is aiming to identify young but high-quality borrowers by integrating applicants' grades, alma mater and even their SAT scores into its underwriting decisions. Banks could learn from this model, even though it may have shortcomings.