Retail & Commercial

Just a week after overhauling how mortgages are underwritten, the Consumer Financial Protection Bureau was set Thursday to unleash an additional series of rules dictating extensive new requirements for mortgage servicing.

Pacific Continental (PCBK) in Eugene, Ore., took advantage of accelerated business lending and lower expenses to post another profitable quarter.

State and federal authorities are taking a hard look at how banks collect consumer debts. A multi-billion dollar market may be remade through tighter rules or enforcement actions.

MidFirst Bank in Oklahoma City has agreed to buy a specialty lender in Atlanta.

Goldman Sachs (GS) and Morgan Stanley (MS) will pay a combined $557 million to settle allegations they mishandled foreclosures that followed the housing crisis.

Cheviot Financial is planning a large share repurchase program nearly a year after converting to a fully public company.

Cost control will sharpen further in 2013, given continued pressure from low interest rates and loan competition, U.S. Bancorp says. Other banks will face similar challenges.

PayPal experienced its fastest active account growth rate in years during the fourth quarter, according to parent company eBay Inc. This growth of 15%, to 122.7 million active accounts, came in part from the company's activity in mobile commerce.

David Stevens, president and chief executive of the Mortgage Bankers Association, highlighted several critiques of the CFPB's final QM rule during a speech on Wednesday.

PacWest Bancorp (PACW) in Los Angeles posted strong quarterly earnings to end a year marked by aggressive acquisitions.