Retail & Commercial

The industry has asked the CFPB to delay the effective date for a rule expanding disclosures for remittance transfers.

Hurricane Sandy has been over for three days now but the aftermath is hitting many mortgage bankers and brokers hard in the greater New York metropolitan area which includes New Jersey and Connecticut.

Both companies are expressing early optimism in their ability to compete with American Express' Bluebird card, but long-term uncertainty looms.

Liberty Bancorp in Georgia is barred from making payments to shareholders and certain debtholders without regulatory approval.

First Republic Bank in San Francisco has agreed to buy Luminous Capital Holdings. Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations.

Fewer loan losses and added fees provided a spark to third-quarter results at Park Sterling (PSTB) in Charlotte, N.C.

After a customer held up Peoples Bank, the president followed the man to his car, drew his firearm and detained the robber until the police arrived. "I told him he wasn't going anywhere," says David Thompson, who has a concealed weapons permit.

The banking unit of 1st Colonial Bancorp (FCOB) in Collingswood, N.J., has converted to a state charter and changed its name.

NXP Semiconductors has developed a touch sensor that could combat thieves using a mobile scanner to attempt to steal account details from contactless payment cards.

American Express is seeking to lure gamers by awarding special deals to Xbox 360 players tied to their performance in the soon-to-be-released “Halo 4” video game.