Retail & Commercial

The Federal Reserve Board has lifted a written agreement with Baylake Corp. that required the Sturgeon Bay, Wis., company to improve its asset quality and earnings.

The former chief executive of a failed Florida community bank has been sentenced to six years in prison for lying to regulators about the bank's condition.

A U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out false promises that they could help them avoid foreclosure and renegotiate their mortgages.

Experian will offer a new product that assesses the creditworthiness of consumers with little or no traditional credit history.

A federal court panel said Bank of America Corp. (BAC) can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker Mortgage Corp. and Colonial Bank in a multibillion-dollar fraud.

Bethpage Federal Credit Union on Tuesday said personal information from 86,000 of its members' Visa debit card accounts had been accidentally exposed on the Internet by an employee.

SAN FRANCISCO–Cash isn't just some crude means used by the unbanked; affluent bank customers use it as well. To encourage spending among banked consumers, PayPal Inc. is expanding the ways consumers can fund their accounts with bills and coins.

M&T Bank (MTB) in Buffalo announced Monday that former Comptroller of the Currency John "Jerry" D. Hawke Jr. has been elected to the boards of the bank and its holding company.

Financial institutions and technology companies are working hard to bring location-based advertising to life, but research in psychology suggests those same offers may be draining a limited resource: our willpower.

U.S. credit card debt decreased slightly in May, down .2% to $5,637 from April 2012, according to CreditKarma.com's U.S. Credit Score Climate Report released Wednesday.