The Latest

A federal judge has given preliminary approval to the proposed settlement of a lawsuit under which insurance companies have agreed to pay $240 million for losses the San Francisco bank incurred from the widespread opening of fake accounts.

Police and city agencies can no longer use facial-recognition technology, which civil liberties groups say infringes on human rights. The measure may be an ominous sign for biometric login authentication.

The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.

Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license.

Recent letters from NAFCU and CUNA called on the Consumer Financial Protection Bureau to provide a carve out in its payday lending rule for loans made by credit unions.

Ahrendts, 58, joins the home-sharing startup after a five-year stint overhauling Apple Inc.’s retail operations.

The first day of CU Direct's annual Drive conference included insights from dealers, executives at online car-buying platforms and more.

The most enlightened regulator or legislator can’t match the dynamic intelligence of billions of market decisions by consumers, merchants, banks, networks and processors, argues Eric Grover, a principal at Intrepid Ventures.

From availability issues to regulatory hurdles and changes in marketing strategies, dealers say there is plenty credit unions can do to improve relations between the two sides.

Banking officials can reasonably disagree on new standards for current expected credit losses, but the accounting body developed the rules over many years and based them on extensive feedback.