Retail & Commercial

The U.S. Court of Appeals for the Tenth Circuit upheld a district court judgment in favor of the Federal Trade Commission and four state attorneys general against a woman involved in a scheme that deceived consumers by falsely promising them a “guaranteed” $25,000 grant from the federal government.

The U.S. Supreme Court reinforced companies' power to funnel legal disputes into arbitration, ruling in favor of American Express in an antitrust clash with retailers over the credit cards they must accept.

New York regulators announced a $250 million settlement Thursday with Bank of Tokyo Mitsubishi-UFJ (BTMU) for violating United States sanctions against countries including Iran, Sudan and Myanmar.

OptimumBank Holdings (OPHC) in Fort Lauderdale, Fla., can keep listing its shares on the Nasdaq now that a reverse stock split has brought the stock above the exchange's minimum price.

Several foreign-owned banks have been looking to expand in the United States, including Chile's BCI and Canada's TD Bank. Here's a look at foreign-owned banks that have an eye on U.S. expansion.

Online ticket payment provider Picatic has the business model of a museum—its customers are expected to pay, but the amount is at least partly up to the patron.

Banks will have to scrutinize their relationships with consultants, brace for the possibility of a wave of regulation of consulting practices and have backup plans in case a key advisor ever receives a punishment like the one New York state dealt Deloitte.

Consumer Financial Protection Bureau Director Richard Cordray defended the agency's new mortgage rules, data gathering activities and single-director leadership structure during a luncheon speech on Wednesday.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that regulators are making steady progress on a number of critical rules under the Dodd-Frank Act, predicting that several final rules will be released in the coming months.

Sabal Financial, a buyer of distressed debt, has established Sabal Third Party Servicing, which will service commercial real estate and construction loans nationwide.