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While there is a collective sense that data breaches are simply a side effect of our digital existence, there are real costs for the companies impacted. The ones that are hit the hardest are the ones that are least able to weather the fines, remediation costs and lost reputation.

The deal has already been approved by NCUA and will take effect next month.

In the wake of the Parkland, Fla. school shooting, a New York Times columnist has suggested the financial industry stop doing business with gun dealers. Here's what the leaders of five financial institutions – including one with a personal connection to Marjory Stoneman Douglas High School – had to say about the proposal.

Fundbox is testing a payments and credit network for small businesses and their business clients that may offer an alternative to traditional lenders, credit card issuers and supplier financing.

Small-business payments are an inefficient mess of unpaid invoices and paper processes that are causing substantial funds to languish and companies to stagnate. One possible solution is to address the cash flow, not the payment mechanism itself.

As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled.

The president has overseen billions of dollars in growth at the credit union since 1991.

A former senior executive at Equifax Inc. was criminally charged for allegedly selling almost $1 million worth of shares before the company’s announcement last year that it had suffered a massive data breach.

Regardless of some promising uptake numbers numbers, it’s obvious there are still many hurdles to clear before we see ubiquity, Rahul Shah of Applause writes.

Elliot Gregg will retire early next year after nealry two decades with the Bremerton, Wash.-based credit union. Executive recruitment firm DDJ Myers has been tapped to lead the search for his successor.