Retail & Commercial

An online operation in the business of finding potential borrowers for mortgage companies will pay a $225,000 civil penalty to settle Federal Trade Commission charges that it deceived people about mortgage terms.

The mortgage delinquency rate for homeowners more than 60 days late declined for the ninth consecutive quarter, according to a new report report.

National Bank Holdings (NBHC) in Greenwood Village, Colo., has consolidated the roles of chairman and chief executive.

Bankers have complained that the federal government's crackdown on their relationships with payday lenders and other merchants has gone too far, but Justice officials said in a blog post that banks that abet fraudsters' use of the payment system should be punished.

Small-business owners are increasingly demanding risk advisory services along with comprehensive wealth management services, creating a potentially new revenue stream for forward-thinking banks.

Bank of the Ozarks (OZRK) in Little Rock, Ark., is encouraging shareholders to support its proposal to more than double its authorized common stock.

Two of the largest consumer debt buyers on Thursday agreed to halt lawsuits against borrowers and pay fines to settle allegations they violated New York law in pursuing debtors.

Commerce Bancshares (CBSH) in Kansas City, Mo., has agreed to sell three branches in rural southeastern Missouri to New Era Bank in Fredericktown, Mo.

Fannie Mae and Freddie Mac will pay the U.S. Treasury Department a combined $10.2 billion by June 30, an amount reflecting the profits the U.S.-owned mortgage financiers reported for the first quarter.

Better ATM Services, a provider of prepaid cards delivered through ATMS, announced that the company's president and CEO, Todd Nuttall, will assume a new role as EVP of enabling technologies.