Retail & Commercial

Discover Financial Service agreed to an $8.7 million settlement of a class-action lawsuit filed in 2012.

Debt buyer Encore Capital Group Inc. has earned DBA International's industry certification. The program was launched last year and all DBA members are required to meet the standards by 2016.

Regulators look at eight risk categories when determining a bank's health, but it's how banks deal with three in particular — interest rate risk, liquidity risk and IT/operational risk -- that could make or break them.

Ally Financial Inc., the auto lender rescued by the U.S. government during the 2008 financial crisis, raised $2.38 billion in its initial public offering after pricing the shares at the bottom of the proposed range.

BancorpSouth (BXS) in Tupelo, Miss., has acquired Knox Insurance Group in Lafayette, La.

Wintrust Financial (WTFC) in Rosemont, Ill., has agreed to buy 11 branches in Wisconsin from Talmer Bancorp (TLMR) in Troy, Mich.

Illinois Attorney General Lisa Madigan has sued four online payday lenders and a loan lead generator promoted by talk show host Montel Williams.

Legal battles took a toll on JPMorgan Chase, but CEO Jamie Dimon is now urging investors to focus on the future. Among his top initiatives for 2014: making the most of big data and strengthening cybersecurity.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

The White House is considering two community bankers to fill an open seat on the Federal Reserve's Board of Governors, according to two people with knowledge of the process.