Retail & Commercial

The Consumer Financial Protection Bureau will not include a 20% down payment requirement for low-risk loans in its pending mortgage proposal, nor does it seek to covertly rewrite Dodd-Frank, Director Richard Cordray told Senate Banking.

Barclaycard US says it will work with Google to support the Google Wallet mobile payment system.

Isis, the mobile-payment joint venture backed by AT&T, Verizon T-Mobile, won't debut by the end of September as planned, extending delays for a service once expected to start by the end of June.

Each time the Payment Card Industry Security Standards Council felt it was ready to establish a written-in-stone requirement for securing mobile payments, the technology — and the fraud committed against it — changed.

The agency said Wednesday that it recouped roughly $149 million from selling preferred stock in Alpine Banks of Colorado in Glenwood Springs; Yadkin Valley Financial (YAVY) in Elkin, N.C.; First Community Financial Partners (FCMP) in Joliet, Ill.; F&M Financial in Clarksville, Tenn.; and F & M Financial in Salisbury, N.C.

Plans by National Bank Holdings and Capital Bank Financial to go public will create common stock that can supplement cash for open-bank acquisitions.

Zions Bank in Salt Lake City is trying to get hip — and some new customers — by producing an online reality show called "Cheapsters," in which college students compete in dumpster-diving, cooking and other games to prove who is the most frugal.

American card issuers and acquirers are "dragging their feet" on the transition to the EMV chip card standard, but some companies hope to speed the transition by making a clear business case for the technology.

Dynamics, a provider of payment cards that can dynamically rewrite their magnetic stripes or smart chips, unveiled another variant of its design this week.

The Federal Reserve Board has entered into separate written agreements with Doral Financial (DRL) and State Bank of Geneva.