Retail & Commercial

We at the FDIC continue to believe the small-dollar loan model is replicable and that these loans can be cost-effective and responsive to the needs of both consumers and bankers.

Customers Bancorp, the Wyomissing, Pa., banking comany led by veteran banker Jay Sidhu, is giving up nearly 20% of its ownership to venture into the greater Washington, D.C., market.

Consumer use of payment cards is very much in flux, and contradictory trends are making it hard for issuers to react.

Six out of 10 homeowners who received a loan modification stopped paying their mortgage again after 18 months, but there may be a modest silver lining buried in the high recidivism rates.

Pinnacle Financial Partners (PNFP) in Nashville has repaid the remaining $71.6 million of the $95 million it received from the Treasury Department's Troubled Asset Relief Program in December 2008.

The State National Bank of Big Spring in Texas is leading a lawsuit against the Consumer Financial Protection Bureau, becoming the first known community bank to file a lawsuit against the agency.

Citigroup branch has now received LEED certification on 200 facilities.

Banks are entitled to a profit. Customers are entitled to value for their money. Financial products can be designed, marketed and priced to satisfy both parties' needs.

The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 to settle Federal Trade Commission charges. The settlements also permanently ban the defendants from selling any mortgage-assistance relief products.

Wells Fargo (WFC) will outsource an unspecified number of jobs in its institutional retirement division to India and the Philippines as part of a broader cost savings initiative.