Retail & Commercial

Two companies that operated as consumer-reporting agencies settled charges on Wednesday that they violated the Fair Credit Reporting Act.

If regulators really want banks to invest more heavily in their communities then they should consider giving banks some reward, such as reduced deposit insurance premiums, for achieving a top CRA rating.

Continuing its expansion in Michigan, Huntington Bancshares (HBAN) in Columbus, Ohio, has agreed to purchase 11 branches in the eastern part of the state from Bank of America (BAC).

For big banks, good first-quarter earnings news is likely to be in short supply. In addition to struggling with the usual suspects — weak loan demand, more regulation — they have a number of institution-specific issues to contend with. American Banker editors discuss.

A debt settlement company and its owner on Tuesday pleaded guilty in federal court to mail and wire fraud charges. Money bilked from 1,200 people helped pay nightclub expenses, luxury car leases and credit card bills.

Old Second Bancorp (OSBC) in Aurora, Ill., has raised $59.4 million through a public offering.

Risk is again emerging as a concern in the consumer credit sector as the economic recovery moves into its fifth year, according to a survey of bank risk professionals.

Lakeland Financial (LKFN) in Indiana has a new chief executive.

Late payments by credit card customers are finally rising, while delinquencies on home equity loans are at their lowest level in six years, according to a new report.

National Bank Holdings (NBHC) in Greenwood Village, Colo., is losing its executive in charge of acquisitions.