Retail & Commercial

The real-estate industry is using this week's Republican convention to flex its political muscles, defending the tax deduction for mortgage interest and calling for changes to the qualified residential mortgage exception.

The central bank's most recent Beige Book finds disparities both between and within regional districts about the appetite for new loans.

The Treasury Department has released an infographic outlining how the financial reform legislation helps to strengthen Main Street banks. Do you agree Dodd-Frank creates a level playing field for financial institutions?

VeriFone is making good on its original promise to open up its Square-like mobile card reader, Sail, to developers.

Citigroup agreed Wednesday to pay $590 million to settle a shareholder lawsuit over its disclosures about subprime mortgage exposure. The sum is large but in keeping with what some banks have paid to put the crisis years behind them.

A preliminary report from the independent monitor shows that the five servicers in the $25 billion mortgage-settlement pact are so far focusing more on short sales than on loan mods or refis.

Google Wallet is under increasing pressure — though the mobile wallet has been in consumers' hands for over a year, Google still has fewer issuer partners than its rival Isis, and with the Merchant Customer Exchange wallet on the horizon, Google now faces competition from the very retailers it seeks to attract.

The new employment agreement with veteran banker John Kanas comes just weeks after reports surfaced that the Florida company was again weighing offers to sell.

Citigroup agreed to pay $590 million in cash to settle a lawsuit by investors alleging the bank hid risks tied to toxic assets, the plaintiffs said.

AT&T has agreed to sell Square's smartphone-based card readers in its 1,000 company-owned retail stores.