Retail & Commercial

Wells Fargo contends that a federal lawsuit over its lending practices before and after the housing crisis contravenes the terms of the multistate mortgage settlement.

A group of some of the nation’s largest merchants and retail trade groups asked a federal judge Nov. 1 to reject the proposed settlement of a lawsuit over credit card swipe fees.

SPRINGFIELD, Ore. – The Eugene City Council on Wednesday agreed to sell a 1.9-acre plot next to the U.S. Courthouse to Northwest Community CU, where the $720 million credit union plans to build a new headquarters.

Green Dot said its quarterly earnings fell 20% from a year ago as competition intensified in the prepaid card market. Meanwhile, NetSpend announced that its net earnings fell to $4.4 million.

A group of some of the nation’s largest merchants and retail trade groups asked a federal judge Thursday to reject the proposed settlement of a lawsuit over credit card swipe fees.

Ocwen Financial (OCN) in Atlanta reported record revenue in the third quarter as it continued to expand its mortgage-servicing portfolio.

Parkmobile USA, which had drawn fire for suggesting the debit interchange cap was behind its fee increase for D.C. customers, on Thursday issued an apology for the statement.

Independent foreclosure reviews at the major banks were meant to compensate wronged homeowners and restore some faith in the integrity of mortgage servicing. Instead, the process has become mired in questions of objectivity.

Despite slow adoption by consumers, more community banks are offering mobile banking, according to a new survey.

CertusBank in Greenville, S.C., plans acquire the small business lending operations of a struggling Georgia bank.