Retail & Commercial

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers, according to a recent filing with the Securities and Exchange Commission.

Bankers who think the government should have a lighter touch when it comes to prescribing rules for their industry may have an ally in the American people.

Buying CIT, a specialty lender, would add high-yielding loans without saddling Wells Fargo with more deposits and branches.

About one in five consumers buying a credit score from a credit bureau receives a "meaningfully" different score than their lender would, according to the Consumer Financial Protection Bureau.

Regulators are barring a Minnesota bank holding company from paying shareholders and some creditors until it takes steps to boost its capital.

Banker sentiment echoes Google research suggesting consumers expect sub-five-second mobile app downloads.

Credit card collection efforts appear to be more successful than before the recession, controversial practices notwithstanding. This interactive graphic shows recovery and chargeoff data for large lenders.

Urban Trust, a Florida bank, had been under fire from consumer groups for allowing a payday lender to load loans onto its prepaid debit cards.

Assistant Attorney General Thomas Perez pressured the city of Saint Paul to withdraw a Supreme Court case that was supported by banks and threatened to undercut a key way the government targets lenders over fair lending laws. Republicans are crying foul.

Landmark Credit Union joins a growing list of tax-exempt institutions finalizing deals to buy banks or thrifts.