Retail & Commercial

If proposed mortgage rules are too rigid, banks will have little choice but to restrict lending. But if they are ill-defined or too loose, banks say they face higher compliance costs and increased risk of litigation.

Borrowing by homeowners and improving credit quality boosted third-quarter profits at BancorpSouth (BXS) of Tupelo, Miss. The $13.2 billion-asset company said late Thursday that its earnings doubled, to $23.8 million, compared with a year earlier.

With the growing prevalence of card products such as Walmart's Bluebird, the availability and disclosure of the types of safeguards against loss of customer funds is fast becoming a hot topic.

The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.

Daniel Schulman at American Express and Daniel Eckert at Walmart defend their new Bluebird account against critics who argue the product should have FDIC backing.

Steven Antonakes, the chief of supervision, enforcement and fair lending at the Consumer Financial Protection Bureau, brings a track record of fairness to an agency attacked for being hostile to banking.

E-Trade Financial's (ETFC) shares plummeted Friday after the company reported a $28.6 million loss for the third quarter as its provision for loan loss rose and revenue declined.

Elavon and Banco Santander have expanded their existing relationship by agreeing to establish a payment services joint venture together in Spain.

Is tiny the next big thing for independent sales organizations? That’s the dilemma ISOs have been facing ever since Square Inc. came on the scene two years ago, promoting card acceptance to babysitters, gardeners and yard-sale entrepreneurs.

The National Credit Union Administration has selected a former examiner to serve as the agency's next executive director, Chairman Debbie Matz announced Thursday.