Retail & Commercial

Lawsuits that charge Goldman Sachs (GD) and Deutsche Bank (DB) with misleading mortgage investors may proceed, a federal judge in Manhattan has ruled.

United Community Financial's (UCFC) third-quarter loss tripled from last year after a $33 million charge related to a bulk loan sale. The Youngstown, Ohio, company reported a loss of $26.9 million, compared with an $8.9 million loss a year earlier.

President Obama's reelection has given his administration a "do-over" opportunity in housing.

Bank of America is launching Mobile Pay on Demand through Bank of America Merchant Services, its Atlanta-based joint venture with First Data. We look at how this stacks up against similar mobile payment offerings out there.

Bank of America is launching a Square-like card-swiping device for smartphones called Mobile Pay on Demand. The service will be marketed through B of A’s Atlanta-based joint venture with First Data, Bank of America Merchant Services.

Internal governance policies should define for shareholders, employees and the public how the bank plans to effectively manage the stated risk appetite.

Small retailers still aren’t catching on to the Payment Card Industry data security standards, according to recent survey results.

JAMESTOWN, N.D. -- First Community CU, the state’s largest credit union, is opening a new branch in Fargo.

FITCHBURG, Mass. – Workers’ CU has opened inside Hannaford Supermarket in Chelmsford, the credit union’s 15th branch.

Raj Date, CFPB's second in command, said he will leave the agency after it finishes writing a number of mortgage rules required under the Dodd-Frank reform law.