Retail & Commercial

The CFPB flexes its muscle in a Discover deal, Sheila Bair blasts a double standard for hurting small banks and mortgage settlement overseer Joe Smith weighs in on progress to date.

The telecommunications companies behind the Isis mobile wallet joint venture have had Salt Lake City in their sights as a testing ground for the past year. But recent delays in the Isis rollout have opened the door for direct competitor Google Wallet to continue to gain as much momentum as possible with its mobile pay system.

The date for U.S. merchants to start benefiting from preparing early for EMV smart card technology at the point of sale lurks next week. Unfortunately, the future of payments technology won’t come into clearer focus for merchants that quickly.

A provision within the hotly contested settlement between merchants and credit card networks could potentially slow PayPal’s bid to become more widely accepted at grocery stores, restaurants and other retailers.

DUNEDIN, Fla. – Fast-growing Achieva CU is scheduled to break ground this morning on a $10 million, 67,000-square-foot headquarters project near its old Clearwater offices.

Under the landmark settlement with MasterCard and Visa, retailers could soon start surcharging customers for paying with plastic. Here's why that could be bad news for PayPal.

An unnamed investor will inject $5.5 million into the troubled Anchor Commercial Bank in North Palm Beach, Fla., through a subscription agreement.

Hampton Roads Bankshares in Norfolk, Va., has completed its $45 million rights offering, though its private-equity partners were the largest contributors.

Aquiline Capital Partners, a private-equity firm based in New York, is buying First Investors Financial Services Group, a Houston auto lender, for $100 million.

A bipartisan group of 53 senators is calling on banking regulators to consider the impact that proposed Basel III capital standards will have on community banks.