Retail & Commercial

Expert Global Solutions (EGS) and its subsidiaries have agreed to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party collector.

Consumer borrowing rose higher than expected in May as Americans charged away on their credit cards, according to the Federal Reserve's G.19 report released Monday.

Regulators ordered Texas-based Expert Global Solutions, the world's largest debt collection firm, on Tuesday to pay a $3.2 million fine for allegedly making illegal collections calls and not verifying debt in dispute.

Columbia Banking System's chief operating officer and executive vice president Mark Nelson will retire on Sept. 30.

Huntington Bancshares in Columbus, Ohio, has named a new head of internal auditing.

CIB Marine Bancshares (CIBH) in Waukesha, Wis., has agreed to buy Avenue Mortgage in Naperville, Ill., CIB announced Monday. Financial terms of the sale were not disclosed.

CloudPassage, a cloud infrastructure security provider, is offering to address Payment Card Industry security standard compliance for cloud-based businesses.

Equifax announced Monday that is acquired TrustedID, a Palo Alto, Calif.-based specialist in identity protection.

AmericanWest Bank in Spokane, Wash., has agreed to sell five Pacific Northwest branches in separate transactions.

U.S. consumers kept paying down debt in the first quarter ended March 31, as household wealth rose higher than the pre-recession peak, the American Bankers Association reported Tuesday.