Retail & Commercial

The Consumer Financial Protection Bureau has launched a review of alleged discrimination in auto lending. Bankers fear it will opt for punitive enforcement over rules to prevent misconduct.

Berkshire Hathaway Inc. (BRK/A), the holding company run by billionaire Warren Buffett, offered to buy Residential Capital LLC's mortgage unit.

IMGCAP(1)]

IMGCAP(1)]

Zions Bancorp. (ZION) will auction off up to $200 million of senior notes this week to repay its federal aid or other debts.

Autonomous Research in London has recruited Guy Moszkowski and Brian Foran to start its U.S. unit later this year.

The Treasury has commenced another auction of Tarp holdings. At least banks are planning to use the auction as an opportunity to retire preferred shares that will carry a 9% interest rate in late 2003.

Credit card issuers that cut consumers' credit lines or closed their accounts during the recession are opening credit lines again, but consumers do not appear very interested.

In the years during and after the financial crisis, American families' net worth decreased to levels not seen since 1992. Regulators cited home equity declines as the primary reason behind the drop.

RENO, Nev. — Members of Sparks City Employees FCU approved the merger of their ailing one-time $16 million credit union into Great Basin FCU, the state's eighth-largest credit union.