Retail & Commercial

U.S. credit unions gained their largest total chunk of the vehicle lending market in the past five years, at more than 25% in the second quarter, by underpricing their rivals. Banks are still ahead, but just barely.

The Pennsylvania banking company could use the proceeds from its initial public offering to pursue acquisitions.

A venture that's majority-backed by Walmart is poised to emerge from the shadows this month with digital bank accounts meant for the retail giant's 1.6 million U.S. employees and legions of weekly shoppers.

Richard Green is the third member of his family to run Firstrust Bank in Pennsylvania, but at 70, he is ready to step aside. His son Jeff is 27 and is — ironically — still too green for the role.

A couple squatted in their foreclosed home since 2009 and are only now being evicted, highlighting stubborn problems in the foreclosure process.

Over the course of 10 years, the bank's Disability Advocacy Network has implemented other initiatives to improve interactions with staff members and customers with disabilities or cognitive disorders.

Senate Banking Committee Chair Sherrod Brown, D-Ohio, called for rules to protect buy now/pay later and earned wage access users and harshly criticized training repayment agreements. But Sen Pat Toomey, R-Pa., and industry advocates defended financial innovation.

After investment banking fees fell by 54% last quarter, the nation's largest bank by assets is considering cutting back. "Last year, we had to add a lot of bodies just to execute the huge amount of volume we were executing," Chief Operating Officer Daniel Pinto said Tuesday.

The purchase of College Raptor would provide the Rhode Island bank with tools that students and their families can use to compare financial-aid packages. Citizens is one of several U.S. banks with a sizable business in private student lending.

An appeals court ruled that the electronic delivery of private information that was not made public did not constitute real harm to the consumer.