Retail & Commercial

Wells Fargo & Co. (WFC) Vice President Kurt Lofrano should be added as a defendant to a lawsuit over allegedly fraudulent mortgages, the U.S. said in a filing in Manhattan federal court.

BBVA Compass in Birmingham, Ala., has taken the first step to becoming a registrant with the Securities and Exchange Commission.

A recap of the informed opinions (and the discussions they generated) this week.

Barely a handful of lenders are refinancing student loans, despite a prolonged period of low interest rates and the surging debt burden for college graduates.

Many of the payments industry's longtime veterans and new entrants started their careers in other industries or founded their companies with a different purpose in mind. Here are some highlights from the many diverse career paths in the payments world.

The Federal Reserve Board has approved a deal for prepaid card issuer Green Dot to buy GE Capital's Walmart-branded prepaid debit card business, according to a statement the Fed posted online Nov. 22.

Kareem Serageldin, the ex-global head of Credit Suisse Group AG (CSGN)'s structured credit trading business, was sentenced to 2 1/2 years in prison for his part in a scheme to falsify the value of mortgage-backed bonds in 2007.

The former president and chief executive of Bank of Choice in Greeley, Colo., will pay $65,000 to investors to settle charges he violated registration and anti-fraud provisions of the Colorado Securities Act.

Bank of America (BAC) received top honors for mobile banking in an annual survey by Javelin Strategy & Research, edging out last year's winner JPMorgan Chase (JPM).

Popular Community Bank plans to bring a financial literary program run by nonprofit Operation HOPE to its branches in Harlem and the Bronx.