Retail & Commercial

Fedcoin could have a lot of benefits, such as helping unbanked buy goods and pay bills online. But about those "know-your-customer" risks....

Small merchants in are in no hurry to install EMV card readers, contending that losses from counterfeit credit cards are minimal. That worries bankers, who fear that they could end up looking bad if a small business is victimized by fraud and is then left to absorb the loss.

Notable quotes from JPMorgan Chase's Marianne Lake, Santander's Ana Botin, Citigroup's Michael Corbat and others from around the industry

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PayPal will pay a $7.7 million fine for processing payments from customers that have ties to sanctioned parties on a U.S. Government list.

Alternative financial service providers that sell prepaid cards, bill pay, check cashing and other services to underbanked consumers are becoming more sophisticated with the ways they mine customer data.

Four Oaks Fincorp has added a pair of directors with close ties to the Four Oaks, N.C., company.

Foundation Bancorp in Bellevue, Wash., has sold $15 million of convertible preferred stock in a private offering.

Village Bank and Trust Financial in Midlothian, Va., has raised nearly $9 million by selling shares to existing investors.

Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday.