Retail & Commercial

Wilshire State Bank in Los Angeles has been released from an enforcement order that required it to boost its capital ratios and reduce its level of problem loans.

David Stevens, who last year joined the MBA in an unexpected shakeup after heading the Federal Housing Administration for two years, will become president in mid-July of SunTrust Mortgage, the home lending division of Atlanta-based SunTrust Banks Inc. (STI), the bank said on Wednesday.

Prepaid companies have lowered their card fees over the past few years, but now regulators may give the still-fractured industry another push towards simpler prices.

Thieves know: there's money in credit cards. Credit card numbers are still the hottest items stolen in data breaches, far surpassing debit card numbers and Social Security numbers, according to data from Javelin Strategy & Research.

Merchants have never before had so many options for accepting cards, but a stubborn core that deals only in cash may never change its ways.

FORT WAYNE, Ind. – 3Rivers FCU unveiled technology at the former Tower Bank branch it is renovating it said is designed to provide easily accessible information, speed up loan applications and eliminate paper.

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Kip Weissman, partner with law firm Luse Gorman Pomerenk & Schick in Washington, says handful of shareholder spats around the country shows how more insurgent investors in small banks are "looking for a sale" to "make a nice return."

Wells Fargo & Co. (WFC) said Tuesday it will pay $7.5 million to the city of Memphis and Shelby County, Tenn., and the city and county have agreed to drop a foreclosure-related lawsuit against the nation's largest mortgage lender.