Retail & Commercial

The privately held investment firm, based in Birmingham, Ala., is buying FBC Mortgage of Orlando, Fla., a unit of Florida Bank of Commerce, for undisclosed terms, the companies said Tuesday.

Angst over the scope enforcement was palpable at an Ellie Mae conference as mortgage lenders try to avoid the types of hefty fines the agency has already levied on credit card companies.

Wal-Mart is dipping one more toe into financial services by letting customers reload a range of prepaid cards at its registers — for a fee.

Nationstar has figured out how to profit from troubled loans that have bedeviled major banks. It also seems to be producing better outcomes for borrowers and the government.

Ocwen Financial in Atlanta has agreed to buy Homeward Residential Holdings from WL Ross & Co. for $750 million in cash and stock.

Serving the unbanked requires a worldview that most industry insiders don't have, but truly need in order to innovate responsibly on behalf these consumers. Here are insights some companies have gleaned from spending a day as the underserved.

Regulators are barring an Alabama bank holding company from paying shareholders or incurring debt until it takes steps to improve its practices.

It's been my experience that the closing of in-store branches generates more chatter than the fact that another bank often immediately opens and prospers in those exact spaces.

Three years to the day he joined the struggling company, Joseph Campanelli handed the reins to Michael Tierney. Flagstar reported its first profit since 2008 in the second quarter, but credit issues linger.

Social media-based payments technology continues to gain traction as processing provider E2E Payments announced it will include social payment startup Buyvite as one of the payment options in its network, alongside traditional credit card, virtual terminals, mobile and other payments products.