Retail & Commercial

Ally Bank CEO Barbara Yastine admits there’s a drawback to not having bricks and mortar — but it isn’t enough to make her regret not having branches under the Ally banner, which replaced the GMAC Bank brand five years ago this month. Yastine also discusses Know Your Customer standards and why the company is standing by its indirect auto finance model.

Citi (NYSE: C) has named a new head of its middle-market lending business.

The car title loan industry is poised to grow substantially if it's not covered by CFPB regulations on payday lending. But the bureau has not laid the groundwork for title lending rules in the same way it has for payday lending.

The city of Providence, R.I., has sued Santander Bank, alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.

Square, which built its business on the simplicity of its plug-in payment device, is piling on services that should make banks and other companies take notice.

Fifth Third Bancorp (FITB) of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment process firm Vantiv (VNTV).

Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.

The largest real estate company in Alabama was ordered by the Consumer Financial Protection Bureau to pay for practices that illegally benefited an affiliated firm.

The National Credit Union Administration has approved the sale of Flint River National Bank in Camilla, Ga., to Five Star Credit Union in Dothan, Ala.

Dish Network Corp. subscribers will soon be able to pay their bills using bitcoin, the online virtual currency that's drawn scrutiny from regulators.