Retail & Commercial

MARLBOROUGH, Mass. – St. Mary’s CU was cleared Tuesday to build a new branch at the old Friendly’s Ice Cream location in Westborough.

Rep. Jeb Hensarling, a candidate to assume control of the House Financial Services Committee next year, sharply criticized the Dodd-Frank Act, saying it had severely damaged financial institutions.

The Near Field Communication chip used in many mobile wallets was conspicuous by its absence during Apple Inc.'s unveiling of the iPhone 5.

Capital One's CEO expresses concern that innovations from the likes of Google and PayPal could put banks in a "back seat." He also says the bank is done with acquisitions for the time being.

Citigroup won dismissal of a suit in which cardholders claimed the bank failed to take adequate steps to prevent a computer security breach that affected more than 360,000 accounts.

WASHINGTON — The Federal Deposit Insurance Corp. warned banks under its watch Wednesday about the risks of acquiring participations in loans while relying too heavily on originating institutions for the underwriting.

The FDIC highlighted continued use of "alternative financial services" in its second-ever survey reporting the share of households that are unbanked or underbanked.

The Near Field Communication chip used in many mobile wallets was conspicuous by its absence during Apple Inc.'s unveiling of the iPhone 5.

Executives clashed over whether to add or kill branches, parried M&A rumors, defended big banks and braced for economic slowdown at the Barclays financial services conference in New York.

ShopKeep POS, a small independent sales organization, is capturing the attention of companies big and small. Earlier this month, it worked with PayPal to test a mobile-payment system, and today it announced plans with Dwolla and SCVNGR's LevelUp.