Retail & Commercial

Consumer use of prepaid gift cards grew 10% in 2012, up to $110 billion in card loads, but an increase in fraudulent use of those cards and a growing need to protect consumers could follow, a new report warns.

Northeast Community Bancorp (NECB) in White Plains, N.Y., has promoted Jose Collazo to become its president.

The lenders allegedly forced homeowners to purchase flood insurance in excess of legal limits and received commissions from the sale of the policies.

GFA Federal Credit Union in Gardener, Mass., has completed its acquisition of Monadnock Community Bank.

A partnership with BluePoint Finance is designed to provide funding to small businesses and municipalities looking to cut energy costs.

The President's nominee for the No. 3 job at the Justice Department would face tough questions from congressional Republicans over an issue critical to banks.

It's going to be a big year for mobile payments. Now that several mobile wallets are in consumers' hands, the companies behind them are refining their products. What do Apple, Isis, Google, PayPal and others have in mind for the near future?

Washington's budget deal contained mixed news for banks; HSBC sought to downsize it branches; and rivals pushed ahead with efforts to replace bricks and mortar with phones and cameras.

The Treasury Department has threatened to punish JPMorgan for failing to turn over documents to regulators investigating the bank's ties to Bernard Madoff's Ponzi scheme.

Visitors of the Vatican Museum in Vatican City will need cash to buy tickets and souvenirs in the aftermath of Italy’s central bank ordering all payment terminals deactivated, AFP reported Jan. 3.