Retail & Commercial

Bank of America said it will contribute a total of $738 million to settle a price-fixing case brought by retailers over credit-card swipe fees.

After initially dragging their feet, the largest mortgage servicers have modified nearly 70% of loans from delinquent borrowers that qualify, thanks largely to government incentives.

The banking unit of American Bancorporation in St. Paul, Minn., has plans to shutter at least its third branch of the year by the end of this month.

U.S. regulators said Thursday they will be giving homeowners who believe they may have been wrongfully foreclosed upon more time to get an independent review.

Space Coast Credit Union announced Thursday that NCUA and state regulators have approved the spin-off of its two Jacksonville branches to Alive Credit Union.

SCVNGR, the mobile-payments provider behind LevelUp, will use its latest venture-capital infusion to sign up national restaurant chains as it ramps up efforts to expand nationwide.

First Data, which processes about half of all U.S. card spending, recently identified that debit spending again overtook that of credit cards. Now another trend is emerging: PIN-debit use is growing much faster than signature debit and credit.

Urban Partnership Bank, a Chicago bank formed to buy ShoreBank's deposits and assets from the Federal Deposit Insurance Corp. in 2010, has agreed to buy a large branch in Chicago's South Side from Northern Trust (NTRS).

Ocwen Financial in Atlanta reported record levels of revenue in the second quarter after almost doubling the size of its mortgage servicing portfolio in the last 12 months.

Banks are trying hard to beef up programs tied to consumer protection, thanks to the creation of the CFPB and other consumer-related regulations. But there are few people in the job market with experience in banking and consumer protection, making this a lucrative opportunity for those who are skilled at both.