Retail & Commercial

Certegy Check Services Inc., one of the largest check authorization service companies, agreed to pay $3.5 million to settle charges that it violated the Fair Credit Reporting Act.

The Federal Reserve Board has unanimously approved acquisitions by Hana Financial Group in Seoul, Korea, and Live Oak Bancshares in Wilmington, N.C.

Foreclosure filings in July — including default notices, auctions and bank repossessions — climbed 2% from a 78-month low in June but were still 32% lower than a year ago, according to RealtyTrac.

Most policymakers agree that Fannie Mae and Freddie Mac should be unwound and replaced with a system more dependent on the private market, but cleaning up the failed government-sponsored enterprises will be a challenge unlike anything attempted before.

The latest municipal attempt to seize underwater mortgages by eminent domain is an abuse of this most awesome governmental power.

Capital One Financial Corp. reported delinquencies for its U.S. credit-card business increased in July from June, while its international credit cards delinquencies fell, according to a filing with the Securities and Exchange Commission.

1st Constitution Bancorp in Cranbury, N.J., has agreed to acquire Rumson-Fair Haven Bank and Trust Co. in Rumson, N.J.

Mercantile Bank announced a deal Thursday that would make it the third-largest bank based in Michigan.

A response to Bill Isaac's Aug. 13 post, "Why Payday Loans are Good for Millions of People."

U.S. Century in Florida, one of the largest undercapitalized banks in the U.S., is trying to sell a controlling interest to an investment group. But shareholders who have sued the bank favor another group's buyout offer, and they tried to get the judge to force the bank to reconsider.