Retail & Commercial

Two key players in the I Works scheme that allegedly took more than $275 million from consumers via deceptive trial memberships for bogus government-grant and money-making schemes have agreed to settle Federal Trade Commission charges that they violated federal law.

Waterstone Financial (WSBF) in Wauwatosa, Wis., has opened its first branch outside its home state.

First Internet Bank (INBK) in Indianapolis raised $29.1 million through a public offering.

Heartland Financial USA's unusual acquisition of Freedom Bank in Sterling, Ill., seems to be more about collecting on a debt than strategic M&A. Such moves are uncommon but have happened in the last few years — and they can work.

Financial planning firm Waddell & Reed is partnering with BOK Financial (BOKF) to provide expanded trust services to its clients.

The Senate Banking Committee is making progress toward drafting legislation to overhaul the mortgage finance market, but one of the biggest unresolved issues is how much skin in the game private market participants must have in return for a government guarantee.

In a letter to servicers, a top CFPB official requests that student loan servicers show the options they've made available to borrowers who want to make extra payments on their loans.

The community development group Boston Community Capital is urging lawmakers to extend the Mortgage Forgiveness Debt Relief Act before it expires at the end of the December.

Atlantic Coast Financial Corp. (ACFC) in Jacksonville has priced its public offering at a slight discount to its trading price.

Commercial loan officers must use judgment in discussions and email exchanges with property moguls, whose lawyers will construe statements and written correspondence in a way most favorable to the borrower.