Retail & Commercial

Interest rates on credit cards are falling as Americans keep deleveraging and banks tighten consumer credit standards.

The Museum of American Finance on Wednesday opened its exhibit "The Fed at 100." It features artifacts and photographs that highlight the history, culture and social impact of the central bank, including this image of a New York Fed employee updating trading data on a giant chalkboard.

The problem isn’t evil prepaid companies and employers, but, rather, a lack of awareness and education about the products and options that are available.

Sen. Elizabeth Warren hinted at her views on GSE reform briefly Thursday, though it's still unclear whether she will support a bill introduced this summer by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va.

Meta Financial Group (CASH) in Sioux Falls, S.D., has reshuffled its management with four new executive appointments, including the promotion of Brad Hanson to president.

First Clover Leaf Financial (FCLF) in Edwardsville, Ill., has hired David Kuhl as the president and chief executive for its bank.

SecondMarket, which runs an online marketplace for illiquid assets such as closely held community bank shares, has created a private investment vehicle to invest in bitcoins, the decentralized virtual currency.

RALEIGH, N.C. – State Employees’ CU is partnering with the North Carolina Botanical Gardens to develop landscaping templates for SECU’s 235 branches using only North Carolina native plants.

Citigroup Inc. (C), the third-largest U.S. bank, agreed to pay Freddie Mac $395 million to resolve potential future repurchase claims tied to mortgages.

JPMorgan Chase & Co.'s (JPM) negotiations with federal and state authorities to resolve a series of investigations tied to mortgage bonds is focusing on a potential $11 billion figure, including $4 billion for consumer relief.