Retail & Commercial

A New York check cashing company and its owner pleaded guilty Tuesday to violating the reporting and anti-money-laundering requirements of the Bank Secrecy Act.

Court referee Nancy Perez recommended that the Florida Supreme Court revoke David J. Stern's law license and order him to pay roughly $50,000 to cover the Florida Bar's legal costs, according to a report filed Oct. 30.

Store-branded credit cards are becoming more popular with major retailers and with consumers who have the option to save money on their purchases if they open one, according to new data from Equifax.

Increasingly, our markets will be defined less by where we place branches and more by where we send our best bankers to engage with existing and potential customers.

Quarterly profit rose 36% at BofI Holdings (BOFI) in San Diego, as the online bank's loan growth led to higher interest income.

The Federal Housing Finance Agency told Fannie Mae and Freddie Mac to end reimbursements to mortgage servicers for expenses related to captive reinsurance arrangements.

Huntington Bancshares (HBAN) in Columbus, Ohio, has committed $25 million to help launch a microlending program for small businesses in Michigan.

Debt buyers should make a copy available to the court and to the defendant at the time of filing the lawsuit. This should help relieve our congested court dockets and prevent lawsuits against the wrong people in the wrong amount.

Independence Bank in Newport Beach, Calif., has agreed to buy Premier Service Bank (PSBK) in Riverside.

Home Bancorp (HBCP) in Lafayette, La., has agreed to pay $34.5 million in cash for Britton & Koontz Capital (BKBK) in Natchez, Miss.