Retail & Commercial

The "dream team" of bankers who set up Greenville, S.C.-based CertusBank attracted half a billion dollars from hedge funds to buy failed banks. Lately, the focus has shifted to big losses, lavish spending and payments to a consulting firm owned by top executives.

In order foster low-cost relationships, banks should offer free digital checking accounts to new and existing customers … then charge for paper notices or statements.

The tighter lending climate in the post-recession world has created new challenges for debt collectors. But those challenges can come with opportunities as the way business is done evolves.

An appeals court Wednesday upheld a lower court decision in a Fair Debt Collection Practices Act case against a collection agency.

U.S. residential properties sold at an estimated annual pace of 5,083,241 in February, a slight decrease from the previous month but an improvement from a year ago, according to a new report. February marked the fourth consecutive month that saw sales activity fall.

Bank of America agreed to a $9.5 billion settlement over claims tied to faulty mortgages and boosted its dividend for the first time since 2007, the latest steps to put the financial crisis behind the firm.

Retail and consumer financial services veteran Jane J. Thompson has become a member of the VeriFone Systems board of directors, the terminal manufacturer said.

FICO has announced the availability of FICO Custom Credit Education, a new credit education service designed to give consumers better access to their FICO Score and help lenders be more informative about credit scoring.

After the stress tests, come the tears — and the gloating.

Melissa Smith, the president of Wex since last May and its CEO since the start of this year, announced in a company memo on Wednesday that she is due in September with her first child.