Retail & Commercial

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Investors Bancorp (ISBC) will open seven branches in New Jersey as part of an ongoing effort by the Short Hills, N.J., company to emphasize commercial lending.

San Diego has joined a growing list of major cities requiring banks to provide detailed data to show that they are adequately serving low- and moderate-income consumers.

The Consumer Financial Protection Bureau issued its second enforcement action on Monday, hitting Discover with a $200 million fine. Observers said it was clear violations will carry a steep price tag.

Bank shares tend to rally in election years but often fall after all the ballots are cast, a KBW study going back to 1984 says.

Aspiring consolidators are weighing the benefits of hiring lending teams as opposed to making acquisitions.

Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.

The money will be used for housing counseling and legal services programs that were scheduled to lose state funding this year.

Scotiabank in Canada has started issuing cards on the American Express (AXP) network, the companies said on Monday.

Opus Bank in Irvine, Calif., has completed its acquisition of ten branches from PacWest Bancorp. The companies said in separate press releases that the transaction closed on Friday. Opus rebranded the branches over the weekend.