Retail & Commercial

The swelling trillion-dollar student loan market is missing key data and regulations necessary to head off another financial crisis, according to Rohit Chopra, the Consumer Financial Protection Bureau's top official in charge of dealing with student loans.

Republic Bancorp (RBCAA) in Louisville, Ky., is planning to shut down its only Minneapolis branch just 14 months after entering the market.

Democratic lawmakers on Monday urged regulators to keep their promise to release a report by the end of the year that details an independent review of millions of borrowers who faced foreclosure.

A jarring anecdote about police threatening foreclosed borrowers seemed an odd choice in a speech by PNC Chairman James Rohr, who was urging banks to better manage their reputational risk.

As a fast, low-cost payment system, Bitcoin provides healthy competition for legacy banks. It's also a bulwark for financial privacy and freedom of speech.

James Gardner, who co-founded investment firm Commerce Street Holdings in Dallas, died last week from congestive heart failure.

First Financial Service in Kentucky and State Employees' Credit Union in North Carolina believes their products are responsible and avoid taking advantage of borrowers. But they are concerned that the CFPB could pressure them to end their programs.

The DBA International Certification Council announced the approval of several firms to perform independent third-party audits as part of DBA International’s Debt Buyer Certification Program.

ESSA Bancorp (ESSA) in Stroudsburg, Pa., has agreed to buy Franklin Security Bancorp in nearby Wilkes-Barre.

The Office of the Comptroller of the Currency issued cease-and-desist orders against three banks in October and released seven banks from enforcement actions.