Retail & Commercial

Rep. Maxine Waters, the top Democrat on the House banking panel, signaled her support for two key credit union bills to expand business lending and access supplemental capital.

The credit-card issuer is making a bid to become a player in the growing world of branchless consumer banking.

Large banks have been relatively inactive in the market for targets with less than $2 billion of assets, once a staple.

Summit State Bank (SSBI) in Santa Rosa, Calif., has added Brad Baker to its board.

Nearly a year after legislation let more banks stop filing with the SEC, management teams continue to evaluate lower costs against having to move to lesser-known stock exchanges.

Louisiana Bancorp (LABC) in Metairie has wound up one stock buyback program and is beginning another.

Susquehanna Bancshares (SUSQ) in Lititz, Pa., has settled a lawsuit with customers who challenged the $18 billion-asset company's overdraft fees.

Wells Fargo (WFC) said faulty mortgages could cost the company as much as $2.4 billion beyond its reserves, an increase of $300 million from a year earlier. The bank also trimmed its estimate of possible legal costs.

Consumers are notoriously reluctant to choose new payment habits. This week, LevelUp and 20 retailers forced the issue by taking away their choice. The "credit card diet," which took place Feb. 26, involved 20 retailers in Boston and Washington D.C. They all refused credit cards for one day.

Khanh Vuong has been named senior vice president and chief risk and investment officer for the company, which owns the $2.9 billion-asset Kearny Federal Savings Bank.