Retail & Commercial

The company lost $1 million in the third quarter as it invests in research and development for a product that would tie together mobile banking and real-time processing.

Republic Mortgage Insurance Corp. has agreed to pay a $100,000 penalty and stop providing allegedly illegal kickbacks to mortgage lenders as part of a proposed settlement with the Consumer Financial Protection Bureau.

North Milwaukee Bancshares in Wisconsin entered into a written agreement with the Federal Reserve Bank of Chicago this week.

Bill Ackman's hedge fund-firm took stakes in Fannie Mae and Freddie Mac, the government-backed mortgage insurers that investor Bruce Berkowitz is seeking to restructure, and said it may seek talks with management, shareholders and the government.

In a sign of the interest among U.S. professionals in refinancing their federal student loan debt, start-up lender Social Finance is planning its first loan securitization.

The Dish Daily, an online publication focused on technology and entrepreneurship, has partnered with BitWall to launch its Twitter "paywall," allowing readers to view articles after they tweet a link to their followers.

Online retail mortgage lender Quicken Loans continues to rack up the customer service awards.

Waterstone Financial (WSBF) in Wauwatosa, Wis., has begun a common stock offering tied to its second-step conversion.

The central bank is making clear it has doubts about the private sector's ability to implement a faster electronic payments system on its own.

Government payment processor General Payment Systems has signed an agreement with Riverside Superior Court in California to support alternative payments.