Retail & Commercial

The JOBS Act opened the door for more banks to deregister from the SEC. So far, more than 60 banks and thrifts have filed to deregister less than two months after the law was signed.

Canada's payments industry is at a critical crossroads. Despite its significant strides in modernizing certain aspects of payment technology, the country's crucial regulatory issues are mired in fog.

Kip Weissman, partner with law firm Luse Gorman Pomerenk & Schick in Washington, says lack of options for small banks has more of them weighing whether to partner with similarly sized rivals.

The Justice Department said Thursday that SunTrust Banks Inc.'s (STI) mortgage-lending unit would pay $21 million to settle charges that it discriminated against minorities seeking loans.

Banks today are searching for ways to increase profitability while also navigating a growing number of regulations that require stronger risk management. The result is that banks are trying to pivot back into growth mode while simultaneously needing to manage their exposure more rigorously.

Preferred Bank (PFBC) of Los Angeles has signed a memorandum of understanding with regulators after a more formal consent order was lifted.

MasterCard Inc. (MA) Chief Executive Ajay Banga said card spending between April and late May rose in the U.S. and abroad.

How long can a good thing last? Write-offs of credit card loans already have plunged below levels issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.

Fitch Ratings has lowered its outlook on Trustmark Corporation (TRMK) from "stable" to "negative" following Jackson, Miss., company's announcement Tuesday that it is acquiring BancTrust Financial (BTFG) of Mobile, Ala.

More than a quarter of all national residential sales in the first quarter were either a short sale or bank-owned property, according to RealtyTrac.