Retail & Commercial

Metro Bank in Harrisburg, Pa., will pay $1.5 million to settle claims that it violated the Bank Secrecy Act.

Sen. Dick Durbin, who led the effort to cap debit interchange fees last year, responded to the banking and credit union lobbies’ letters to Congress last week, saying the cap has resulted in a victory for consumers.

HomeTrust Bancshares in Asheville, N.C., has adopted a so-called "tax preservation plan," which is designed to protect a company's deferred tax assets during a lengthy period of operating losses.

Market participants will quickly fill the home finance gap. Financing homes is an excellent business. The S&Ls were successful in this market for 50 years before they were destroyed by government policy.

A study guide has just been released as a companion to a recent hardcover book aimed at the acquiring industry.

The operators of a Philadelphia-based telemarketing scheme will pay more than $7.5 million to settle FTC charges that they peddled bogus credit cards and illegally debited consumers’ bank accounts.

As the new iPhone 5 gets into consumers’ hands, so too does Apple’s new limited mobile wallet app, Passbook, a single platform for storing movie tickets, boarding passes, gift cards and retail coupons.

Wells Fargo (WFC) said Tuesday that some of its customers had trouble logging on to its website, roughly a week after online customers of Bank of America (BAC) and JPMorgan Chase (JPM) encountered similar delays.

LAUREL, Md. – Tower FCU has contracted with CO-OP Financial Services to drive its ATM terminals.

The Norfolk, Va., company announced on Monday that Charles M. Johnston, a former chief financial officer at Eastern Bank in Boston, had joined its board.