Retail & Commercial

A Kansas banking company that last week raised fresh capital to fuel its growth has struck a deal that would more than double its size.

BNC Bancorp has no immediate plans to exit the program, despite recently raising $73 million from a private placement. CEO Swope Montgomery believes BNC's acquisitions will more than offset the current 5% borrowing rate for the Tarp funds.

Fannie Mae named its general counsel, Timothy Mayopoulos, as its next chief executive after he agreed to a sharp pay cut imposed by the mortgage-finance company's federal regulator.

In April the Consumer Financial Protection Bureau issued a statement that it was adopting the "disparate impact" concept in its enforcement of the anti-discrimination provisions of the Equal Credit Opportunity Act. It is doing so in a manner consistent with an Interagency Policy Statement issued in 1994 by the Department of Justice and other federal agencies involved with the enforcement of fair lending laws.

Apple has over 300 retail stores, but it relies heavily on mobile devices — not just cash registers — to handle payments in its aisles. Intuit's latest update to QuickBooks Point of Sale allows its small-merchant clients to duplicate Apple's model.

When a California bank took a former employee to court over his insulting statements on the Internet, an appellate court said his speech was protected from prosecution.

Ocwen Financial (OCN) has purchased the commercial servicing rights portfolio of Aurora Bank.

Commercial and multifamily mortgage delinquency rates fell in the first quarter of 2012 for most of the top investor groups except one: commercial mortgage-backed securities.

Recent delays by the CFPB and Treasury point toward a systemic policy malaise that threatens to make the housing recovery a decade-long event.

As head of the Mortgage Bankers Association, David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market. As the new head of SunTrust Mortgage, he'll have to face that regulation head-on.