Retail & Commercial

The Consumer Financial Protection Bureau issued a stark warning to mortgage lenders and brokers on Monday, arguing they must stop running "potentially misleading advertisements," including those targeting veterans and older Americans.

Citigroup (NYSE: C) plans to cut 300 jobs in its sales and trading unit by yearend, according to a news report.

The FHA's mission to promote housing has contributed to its downfall in addressing its other mission: to maintain fiscal discipline of the mortgage insurance fund.

Ally Financial Inc., the lender majority-owned by the U.S., is in advanced talks to sell some international auto-finance businesses to General Motors Co. for $4 billion, two people with knowledge of the matter said.

The government mortgage giant's plan, which awaits regulatory approval, aims to cut premiums by hundreds of millions of dollars and end a stream of payments to banks.

If you have a successful model that you believe in, it doesn't matter what the establishment says.

When Total System Services Inc. closes its deal in the next month to acquire ProPay and its various payments services, the payment processor will have a new "Square-like" look and feel to ramp up its merchant acquiring business.

KEEWATIN, Minn. -- Central Hanna Employees CU has decided to convert to a community charter after it acquired a downtown branch from American Bank.

AUSTIN, Texas – Austin Telco FCU has bought a 75,000-foot office building that will house its new headquarters, the latest area credit unions with plans for larger new offices.

RYE, N.Y. -- USAlliance FCU has acquired a branch in New York’s Harlem neighborhood with the merger of El Barrio FCU, a troubled $1 million credit union.