Lalita Clozel

Q2, in Austin, Texas, paid $10.6 million to acquire all outstanding interests in Social Money, according to a Tuesday news release. The purchase price was subject to a customary working capital adjustment.

The chief executive of SCE Federal Credit Union in Irwindale, Calif. will step down next year, the company's board of directors announced Tuesday.

NCUA banned six individuals from being involved in the running of a federally insured financial services institution.

The Filene Research Institute has opened applications for its new incubator project, “Reaching Minority Households.”

Charles Cook will retire next year as chairman of Truxton Corp. in Nashville, Tenn.

First Financial Northwest in Renton, Wash., has filed for permission to adopt a commercial bank charter.

Chase Visa cards are now compatible with Samsung Pay, the smartphone maker's mobile payment system that combines magnetic secure transmission and Near Field Communication.

Small business professionals using the New Zealand cloud accounting software Xero can be alerted on their finances through Apple Watch.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

Embattled online lender CashCall has paid nearly $2 million in restitution and fines for allegedly deceiving and overcharging borrowers, California's Department of Business Oversight announced.

Members Development Company, a credit union service organization, has added 10 new owners to its roster.

Western Union has disclosed plans to acquire OzForex Group Ltd., an Australian currency exchange and international money transfer company.

LegacyTexas Financial Group in Plano will issue $75 million in subordinated debt for potential acquisitions and other uses.

Extensia Financial, a member business lending CUSO based in Northridege, Calif., now counts California’s Firefighters First Credit Union among its minority owners, the firm announced Wednesday.

Entegra Financial in Franklin, N.C., has adopted a plan to preserve the value of about $12.2 million deferred tax assets.

Trustmark in Jackson, Miss., has named Granville Tate Jr. its top legal eagle.

With holiday season fast approaching, the National Credit Union Foundation is hosting a Twitter chat on giving.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

WSFS Financial in Wilmington, Del., has hired Kevin Thompson as chief financial officer. He succeeds Steve Fowl, who in the first quarter became CFO of Seacoast Banking in Stuart, Fla.

In the aftermath of the National Credit Union Administration's new complaint procedures, the regulator is expanding the use of its Consumer Assistance Center.