Retail & Commercial

SYRACUSE, N.Y. -- The planning board got a look at site plans for the AmeriCU CU branch proposed for the site of the old Salvation Army store.

SEATTLE – Sound CU has sold the old headquarters of Watermark CU, the Seattle-based credit union it acquired through merger last year to create a $1.1 billion regional giant.

Abacus Federal Savings Bank and more than a dozen of its former employees are facing criminal charges related to a scheme in which it allegedly falsified information on mortgage applications so that unqualified borrowers could secure loans.

Orrstown Financial Services (ORRF) in Shippensburg, Pa., has been hit with a lawsuit alleging that it misled investors about its financial strength during its March 2010 stock offering.

Shareholders frown on United Financial's all-stock deal for healthy bank in good market.

The Consumer Financial Protection Bureau said Thursday it was seeking additional comments on the ability-to-repay rule, dashing expectations that a final rule would come by the end of June.

Newly initiated foreclosures by the Federal Housing Administration jumped 247% in April from a year earlier, while the overall number of foreclosure starts fell 3.1% in the same period.

Bank partnerships with colleges and universities may not pay off for students, the consumer group said in a report unveiled Wednesday.

The puffy cartoon birds of popular mobile game Angry Birds will soon grace a new line of bank cards in Russia.

Lower margins associated with debit card interchange and overdraft-protection fees is driving the U.S. banking industry to encourage more consumers to use prepaid and credit cards to pursue revenue. However, despite such moves, debit card payment volume will rise at a double-digit rate this year, a new report suggests.