Retail & Commercial

Bond Street Holdings in Weston, Fla., has found a backup M&A target after its deal for Atlantic Coast Financial fell through.

The Senate's confirmation of Richard Cordray as head of the Consumer Financial Protection Bureau ends a long period of uncertainty for the new agency – and for the banks that it regulates. It also effectively ends efforts by Republicans and the industry to change the structure of the CFPB.

Community bankers from Kentucky, Utah and North Dakota discuss specific ways they use Facebook, Pinterest and other social media to get to know their customers better and look engaged in their towns.

Heartland Payment Systems will use Alaric's Fractals fraud prevention and detection product to monitor the 300 million card transactions it processes each month.

Wintrust Financial Corp. in Rosemont, Ill., reported a rise in second-quarter profit thanks to higher fee income and lower interest costs.

Banks and payment card providers would face caps on the transaction fees they can demand from retailers under European Union plans to rein in charges that have been attacked by regulators as anticompetitive.

The Federal Trade Commission told a U.S. Senate subcommittee Tuesday that it is cracking down on illegal debt collection practices through a program of vigorous law enforcement, education and public outreach, and research and policy initiatives.

The CEO of Taupa Lithuanian CU, who is being investigated in this week's failure of the $24 million credit union, is refusing to surrender to police, prompting a standoff at his home here last night into this morning.

Sen. Elizabeth Warren, architect and founder of the Consumer Financial Protection Bureau, says agency is "the law of the land, and … here to stay."

Companies that provide on-demand, cross-account control and recommendations are best positioned to serve evolving consumer behavior. Banks that don’t get ahead of this shift could be relegated to the role of back-end infrastructure provider.