Retail & Commercial

The Federal Reserve Board has lifted a written agreement with Tower Financial that required the Fort Wayne, Ind., company to improve its lending and credit administration.

MONITOR TOWNSHIP, Mich. – Construction of the third Copoco Community CU branch began this week inside the Valley Center Technology Park.

MANCHESTER, N.H. – St. Mary’s Bank, the nation’s oldest credit union, is moving to a new headquarters adjacent to its current offices.

Four out of five banks that closed important deals last week did so in four months or less. First PacTrust, which is new to getting M&A approval from regulators, needed 10 months to close one deal and has another pending after more than a year.

Settlement with San Francisco bank is second-largest fair-lending case following Justice Department's deal with Countrywide last year.

The only beneficiary of this well-intended but misguided regulation appears to be a small group of lawyers bringing costly lawsuits.

Regions Financial has unveiled a new line of Visa credit cards, following its repurchase of its card portfolio from Bank of America's FIA Services last summer.

Solera National Bank is looking to double its loan portfolio in the next year now that it is no longer operating under a consent order from the OCC.

Dongle doppleganger causes friction between mobile payment providers.

Rewards have become as vital as ever in recruiting and keeping cardholders. But that could become problematic if issuers are forced to cut rewards programs to offset costs.