Retail & Commercial

The Consumer Financial Protection Bureau is calling on the largest U.S. credit card companies to make credit scores and other related content freely available to customers.

Carrington Holding Co. has acquired Clear Financial Solutions Limited, a residential mortgage brokerage based in Scotland, in a move that marks the U.S. mortgage conglomerate's expansion overseas.

Rules enacted last year appear to be steadily forcing banks to exit the mortgage servicing business, transferring such rights to nonbanks. The situation is stoking fears on Capitol Hill and elsewhere that regulators went too far.

More credit card companies are offering free credit scores to their customers as they look for ways to distinguish their products from those of their rivals.

Capital One (COF) has appointed Daniel deBrauwere head of business credit, a newly created role at the bank's asset-based commercial lending and specialty finance unit.

Jay Sidhu's Pennsylvania company is building a separately branded bank that, like Simple, will target a demographic that feels no particular affinity toward traditional banks.

Regulators continue to make Bank Secrecy Act compliance one of their top priorities, according to newly available information on enforcement actions.

Pock.io is allowing consumers in the U.K. to buy gift cards from large merchants such as Apple by using Bitcoin and other digital currencies.

Bankers gathered for the ICBA convention in Hawaii say intensifying competition from larger players is prompting more discussion about the need to gain scale — most likely through consolidation.

The Federal Trade Commission has sued a group of affiliated collection agencies and their owners for using the words "Federal," "American," "U.S.," or "State" in their names and for collection tactics such as threatening to arrest customers.