Retail & Commercial

Signature Card Services will give away EMV-enabled point of sale terminals to client merchants in the U.S. in an attempt to ease the transition to the chip-card standard.

The fees Fannie and Freddie charge to cover credit risk on mortgages have been surging. Large segments of the market may soon be fair game for securitization without federal backing.

U.S. Senator Sherrod Brown (D-Ohio) is pushing Consumer Financial Protection Bureau director Richard Cordray to tighten oversight of the collection industry, including possibly reforming the Fair Debt Collection Practices Act.

Haven Bancorp in Hoboken has agreed to buy Hilltop Community Bancorp (HTBC) in Summit in a merger of New Jersey banks.

The nation's largest home lender is ramping up marketing of a credit card that has helped customers eliminate $50 million of mortgage debt.

McColl Partners, an investment firm formed by retired Bank of America Chief Executive Hugh McColl, could be looking to sell.

Visa is aggressively building its presence with mobile point of sale vendors in an effort to attract the merchants that still don't accept electronic payments and rely heavily on cash and checks.

The Federal Trade Commission has sued a payment processing business that allegedly assisted and facilitated a telemarketing credit card interest rate reduction scam.

A rise in 10-year Treasury yields and a potential collapse of the bond market has many bankers worrying about exposure to long-term securities.