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The company sold common stock to employees, existing shareholders and new investors.

The Providence, R.I., company’s results included a $317 million tax benefit as well as growth in mortgages, education and unsecured retail loans.

EVP Ron Neumann has been named as her successor of the $1.6 billion credit union.

The agency’s acting director has recruited several conservative staff members who will likely prove instrumental in charting its future.

The information you need to start your day, from PaymentsSource and around the Web: Australia plugs into Alexa; Europe regulates processing; contactless payments in sports; and more.

Regions also saw significant increases in its point-of-sale consumer lending, even though overall loans were slightly down from 2016.

The new tax law helped boost fourth-quarter results at SunTrust Banks in Atlanta, while the recent rate hikes led to gains in spread income.

Buying Capital Bank Financial helped boost revenue by 17% in the fourth quarter, but one-time charges related to recent tax cuts dragged down the Memphis company's profits.

The Seante looks to forge its own path on GSE reform, breaking to the right of a plan from the FHFA; a new candidate to lead the CFPB emerges as its current director tells the Fed, "Thanks, we're good on funding."

To free the payments industry from seven decades of standards and legacy operations, the Secure Remote Payment Council is asking more stakeholders to embrace the concept of an open operating standard for security and transaction routing.