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.