Retail & Commercial

Bank of the Carolinas (BCAR) in Mocksville, N.C., has significantly increased its number of authorized shares at it looks to meet capital requirements tied to a regulatory order.

A proposed bill would allow banks to receive a one-time tax credit for charged-off consumer debt. Banks would then donate the debt to non-profits dedicated to helping consumers repay their loans without resorting to litigation or charging interest.

The Federal Trade Commission has charged an operation that billed consumers up to $10,000 after falsely claiming it would settle debts and repair their credit.

U.S. consumer daily spending jumped in May, fueled by highest three-day average since 2008.

One of the largest jury awards against a credit reporting agency was reduced on appeal and the agency is appealing again.

CU Bancorp (CUNB) in Encino, Calif., has agreed to buy 1st Enterprise Bank (FENB) in Los Angeles.

E-commerce and payments companies are edging into the small-business lending territory long dominated by banks. If banks want to stay relevant, they need a simpler, speedier lending process.

Independent Bank Group (IBTX) in McKinney, Texas, has agreed to buy Houston City Bancshares.

First BanCorp (FBP) in San Juan, Puerto Rico, has resolved a large outstanding loan to Doral Financial (DRL) by taking on $242 million on mortgages that were used as collateral for the loan.

Peter Setaro, the chief information officer for First National Bank of the Gulf Coast, is stocking branches with free wifi and Kindles for customers to use.