Retail & Commercial

Share of The Bancorp (TBBK) plummeted a day after the Wilmington, Del., company disclosed that it had been hit with a consent order tied to the Bank Secrecy Act.

Some regional and large community banks are retaining more mortgages for investment because better-than-average deposit growth has given them extra cash they need to deploy. However, they are selective about which mortgages they keep.

A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.

A payment processing company has settled charges that it helped facilitate a credit card interest rate reduction scam that bilked tens of thousands of consumers out of nearly $10 million.

A former U.S. Bank employee, believed to be the man suspected of taking bribes from a Florida-based debt buyer, is currently awaiting sentencing for taking kickbacks in another case.

American International Group Inc. (AIG) promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.

Many of the complex and costly regulations implemented under the Dodd-Frank Act are unnecessary and burdensome for community banks. A two-tiered regulation system is the clear solution.

By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip-and-signature will be preferred by issuers out of the gate, according to a recent survey.

First Republic Bank (FRC) in San Francisco expects to raise up to $400 million through a debt offering.

ACA International responded to criticism of a proposal that would allow private collection agencies to recover unpaid taxes owed to the Internal Revenue Service.