Retail & Commercial

A payday lending reform bill in Utah passed a vote in the state's House, by a 69-4 vote, and moves to the full Senate after the Senate Business and Labor Committee unanimously endorsed it Thursday.

The CFPB sued an Indiana-based college for predatory lending, the agency's first action in the for-profit college industry. Some students did not realize they had a private loan until they began getting collection calls, the lawsuit states.

Consumers facing mortgage trouble want help and are looking everywhere for it. Paying close attention to where and how homeowners seek information is how the servicing industry will put itself on the fast track to a better reputation.

Citigroup Inc. (C) cut its previously reported 2013 earnings for the fourth quarter and full year by $235 million after finding what it described as fraud by a customer of its Mexico subsidiary.

A bill aimed at altering the Consumer Financial Protection Bureau's structure and limiting its powers to regulate the consumer finance industry gained approval from the House of Representatives on Thursday but is unlikely to pass muster in the Senate.

Building simplified digital experiences, especially in financial services, is critical to institutional survival.

Some governments are getting into the digital currency game, offering their own alternatives to cash with traits that differ in meaningful ways from cross-border cryptocurrencies like Bitcoin.

First Horizon National (FHN) in Memphis, Tenn., has reached an agreement with Freddie Mac related to home loans originated and sold to the government-sponsored entity between 2000 and 2008.

The founder of Pacific Commerce Bank (PFCI), Kenneth Kasamatsu, will retire at the beginning of April to pursue other interests.

Dime Community Bancshares (DCOM) in Brooklyn, N.Y., has appointed a new chief operating officer.