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CUSC of Alabama has returned $1.34 million to member institutions since 2011.

Policymakers need to focus less on how they regulate the banking industry’s cyber defenses and more on how they will protect the financial system from an attack.

Ant Financial’s consumer lending has reached at least 600 billion yuan ($95 billion) despite the affiliate of Alibaba Group Holding Ltd. facing a tougher environment for securitizing its loans, people familiar with the matter said.

In India, tens of millions of merchants still operate largely in cash with a mostly unbanked rural population. Technology could solve their problems, but the bigger differentiator may be in how payment services are sold.

California officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap.

The eventual pick will likely encounter heavy scrutiny from senators and, if confirmed, would take the helm of an agency still defined by turmoil nearly seven years after its creation.

The League of Southeastern Credit Unions is working with legislators in both states to find ways to protect consumers from predatory lenders.

With the $14 million-asset credit union’s CEO retiring, Monad membership voted to merge.

As it gives its small-dollar lending regulation another look, the agency must consider borrowers who have no other credit options.

The company has agreed to buy United Community Bancorp. With the $114 million deal it would add five branches in the Cincinnati area.