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Alloy Labs Alliance, a consortium of community banks, is working with the fintech Payrailz on a project called "Chuck" that would route peer-to-peer payments over different networks, based on which is least expensive for each transaction.

Some established financial technology companies like Robinhood are said to be refusing to accept funds from accounts at young digital-only banks that they say are growing too fast to deter fraud. The companies being blocked respond that it’s an unfair, scattershot approach.

The Servicemembers Civil Relief Act includes extra protections aimed at preventing foreclosure for homeowners in the military.

The acquisition would give Avadian, which is based in Birmingham, two more locations in its home state and increase its assets to approximately $1.2 billion.

The U.S. Treasury’s top official for financial oversight said government regulators need action from lawmakers to adequately protect investors — and the wider financial system — from risks posed by stablecoins.

Sean Bailey is the founder and chief executive officer of Performance Mapping Inc., a company focused on improving the performance of accounting firms through delivery centers and cutting-edge technology solutions. He has over 25 years of experience as a partner in a Big Four Firm including a role as an international leader of a delivery center and business transformation leader. Reach him at seanbailey@performancemapping.ca or (647) 649-8227.

On Sep. 30, 2020. Dollars in thousands.

On Sep. 30, 2021. Dollars in thousands.

Ravi Mallela will step down as chief financial officer in early January. Chief Risk Officer Ralph Mesick will serve as interim CFO while the company searches for Mallela's replacement.

The combination of First Service Credit Union and People’s Trust Credit Union would create an institution with over $1.3 billion of assets and more than 98,000 members.