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The tax preparation giant is diversifying its services with a digital bank that it hopes will entice customers with no-fee features, cash back rewards and early access to paychecks.

The Community Bankers Association of Illinois has proposed legislation to discourage credit union-bank mergers by imposing a fee that credit unions would have to pay when they purchase banks. Six Illinois community banks have been sold to credit unions since 2019.

Premier Bank is appealing the Nebraska Department of Banking and Finance's decision to block its sale to GreenState Credit Union.

The Tennessee bank reported an uptick in commercial lending during the fourth quarter. Executives pointed to the impact of a 2020 acquisition that allowed First Horizon to bulk up in in Florida, Georgia and Louisiana.

The Consumer Financial Protection Bureau has opened an inquiry into whether the largest issuers are engaging in unfair or anti-competitive practices. JPMorgan Chase, Citigroup and the rest of the top eight control 70% of the $1 trillion credit card market.

The megabank is dealing with one less regulatory headache following the termination of an enforcement action related to the sale of identity protection products.

The nonprofit received a $1.5 million grant to monitor, evaluate and strengthen consumer protections in the digital financial marketplace. Here's what it's doing with the funds.

The issuer says it can offer installment loans without jeopardizing the kind of growth in credit card volume that it reported for the fourth quarter.

Costs climbed 11% in the fourth quarter, but the Georgia company says it remains on track to generate $175 million by the end of this year through a combination of expense cuts and revenue enhancements.

JPMorgan Chase will introduce a credit card with Instacart this year, the first foray into grocery for the country’s largest co-brand credit card issuer.