Retail & Commercial

Shareholders who hoped proxy firms ISS and Glass Lewis would help them decide on Bond Street's controversial $5-per-share offer for Atlantic Coast Financial in Florida are out of luck: ISS says "aye," while Glass Lewis says "nay."

A move to strengthen and centralize the collection of delinquent accounts owed to Louisiana state agencies received the support of state lawmakers Thursday and now heads to Gov. Bobby Jindal.

Though Apple doesn't have a dedicated mobile wallet, its plans for mobile payments are at least as old as the iPhone itself. Here is a rundown of the many ideas Apple has explored in its mobile payment patents.

Raj Date, the former deputy director of the Consumer Financial Protection Bureau, plans to work with banks to create cheaper short-term loans for cash-strapped customers, despite mounting regulatory scrutiny of the products.

A crackdown on payday lending looks increasingly likely and risks sending low-income consumers in search unregulated financing options on the Internet and abroad. That threat is a key topic of discussion at American Banker’s Underbanked Financial Services Forum, which wraps up Friday in Miami. National Editor Maria Aspan reports from the event.

Texas State Bankshares in Harlingen has agreed to buy Border Capital Group in McAllen in a merger of South Texas lenders.

EVO Payments International LLC has completed its acquisition of Deutsche Card Services, which was a subsidiary of Deutsche Bank.

Jean Smith, a local kid who grew up to run branches in the New York borough for JPMorgan Chase, has spent her retirement years teaching nonprofit BronxWorks how to tap private-sector funding.

The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.

A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.