Retail & Commercial

The Government Accountability Office has asked the Consumer Financial Protection Bureau to improve some of its accounting procedures and internal controls, according to a new report.

Washington Federal (WAFD) in Seattle negotiated a discount on its recent purchase of Bank of America (BAC) branches after deposits levels at those locations fell.

Colorado lawmakers on Wednesday passed a bill to establish a financial services co-operative to serve licensed marijuana dispensaries in the state.

Eagle Bancorp Montana (EBMT) in Helena has applied for a state charter for its American Federal Savings Bank.

Valley National Bancorp (VLY) in Wayne, N.J., has agreed to buy 1st United Bancorp (FUBC) in Boca Raton, Fla.

Consumer borrowing in March rose by the most in a little more than a year as Americans used credit cards more often while also taking out school and auto loans, the Federal Reserve reported Wednesday.

Two of the largest consumer debt buyers agreed to drop lawsuits against borrowers and pay fines to settle allegations they violated a state's law in pursuing debtors.

European companies aren't using credit cards much for payments, which may give Wells Fargo a chance to establish a presence as a corporate issuer.

JPMorgan Chase (JPM) announced Wednesday that it is joining with the Small Business Administration to serve as the presenting sponsor of the SBA's weeklong National Small Business Week celebration.

Bank of America CEO Brian Moynihan and Chairman Charles Holliday pledged to hold the right people responsible for the $4 billion accounting error in its capital plan that hurt shareholders — but only after they carefully study what went wrong.