Retail & Commercial

The best way to meet the needs of consumers and communities is to once again have the private sector play the lead role in the housing market, led by responsible local lenders.

The Justice Department is investigating a recently acquired unit of Ocwen Financial (OCN), the company announced Friday.

Spire Payments has purchased Thyron Payments Systems in a deal that will allow Spire to support chip-and-PIN and mobile payments alongside the new Spire payment terminals that are due to roll out in the second quarter.

Regions Financial (RF) has promoted a veteran executive to lead its private wealth management unit.

Delinquencies on loans that back commercial mortgage securities fell for the second consecutive month in February, to their lowest level in a year, according to a report published Monday.

Characteristics of prepaid cards and checking accounts have converged. This will continue until they are simply different names for the same thing. Manage them together, and provide with each all the relevant features for which customers will profitably pay.

VISIONBank in Fargo, N.D., has converted a former restaurant into an eye-catching branch where customers are invited to sit by the fire, play with the dog, grab a soda from the fridge and make themselves at home.

Cybercrooks have plenty of new tricks up their sleeves to steal card data from merchants. The attacks aren’t likely to let up, mainly because retailer payment and business systems remain a treasure chest for data pirates, a new study says.

Many merchants still don't take credit or debit cards, usually because of the cost. Two-year-old Plastiq aims to help these holdouts by shifting the cost of card acceptance to the consumer.