Retail & Commercial

Research and Markets, a global market research firm, has announced the release of the "UK Consumer Debt Purchase and Debt Collection: Market Insight" report.

Texas Capital Bancshares (TCBI) in Dallas announced several executive moves in advance of its new chief executive taking office.

West Virginia Attorney General Patrick Morrisey announced Tuesday that Hampshire Memorial Hospital and Mosaic Finance Solutions, based in North Carolina, will each pay the state $7,500 as part of an agreement, called an assurance of discontinuance, to end illegal collection practices.

Just when banks thought they had adjusted to life under the Durbin cap on debit card interchange fees, a court has deal them a huge and unexpected blow. Bucking the usual judicial practice of deferring to regulators, a federal judge has ruled that the Fed set the cap too high at 21 cents and disregarded the intent of the Dodd-Frank Act. Expect appeals and a protracted fight that could take years to settle the matter.

WSFS Financial in Wilmington, Del., is expanding its consumer lending business to include private student loans.

Hudson City Bancorp (HCBK) in Paramus, N.J., reported a second-quarter profit of $48.7 million, down from $72.3 million in the second quarter of 2012. Earnings per share were 10 cents, in line with the average estimate of analysts polled by Bloomberg.

People tend to remain loyal to bankers and banks they know, like and trust. Whether or not we fit that description is entirely up to us.

MoneyGram has entered an agreement to buy Nexxo Financial's kiosk-based money transfer business. MoneyGram will also be the preferred partner for Nexxo money transfers and bill payments.

The Federal Reserve disregarded Congress's intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing "swipe" fees.

The chief executive of BOK Financial (BOKF) has decided to step down after 40 years with the Tulsa, Okla., company.