Retail & Commercial

Prosecutors overreached in suing Luther Burbank Savings, which has agreed to settle charges its single-family mortgages were discriminatory, the bank's lawyer said at American Banker's Regulatory Symposium. He's wrong, a Justice official replied.

Brian Pearce, head of mobile channels for Wells Fargo, says the bank is ushering in a "mobile unique" era.

ALEXANDRIA, Va. – NCUA said this afternoon it gave away IBM laptop computers to 14 small credit unions in order to help them file quarterly financial reports with the credit union regulator, as part of its Small CU Initiative.

Oriental Financial Group in San Juan, Puerto Rico, is looking to raise $36 million of common equity.

SunTrust is making five days' worth of imaged checks available on its new app for Apple and Android devices.

Improving the customer experience was a major theme emerging from the demos displayed during day two of FinovateFall, a two-day event showcasing financial services innovations from startups and established fintech companies.

Heritage Financial (HFWA) is buying Northwest Commercial Bank of Lakewood, Wash.

Bank of America (BAC) has agreed to compensate mortgage loan applicants who alleged the bank discriminated against some borrowers who received disability income.

The U.S. banking arm of Bank of Montreal said the cuts will take place at a data center in Sun Prairie and a mortgage underwriting office in Cedarburg.

Slavie Federal Savings Bank in Bel Air, Md., is taking steps to shore up its regulatory capital.