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The Federal Reserve Bank of Richmond's decision to hire Thomas Barkin as its next president has renewed questions over the cloaked process of selecting officials who set the most widely watched policy interest rates in the world.

In our quest to solidify and improve customer satisfaction, we should not set up systems that have our teams more focused on manipulating scores than actually earning them.

From helping members establish a plan to pay off delinquent loans to setting up relief centers for fire victims and more, here's a look at how credit unions help their members every day in a variety of ways.

The Office of Financial Research said the failure of a large financial institution could still ignite a crisis; hotel chain plans to use both issuers for its credit cards.

The information you need to start your day, from PaymentsSource and around the Web. Today: Fitbit adds to its payments technology; Bitcoin buys art; GM adds shopping function; Real-time payments boosts IT spending; Payoneer draws investment form China.

Debit and credit both have their downsides, but both of those downsides disappear if you stay up to date with the latest fraud prevention and chargeback management practices, writes Suresh Dakshina, president of Chargeback Gurus.

The card brand's dCVV2 specification code standard can put a dynamic CVV2 payment card in the hands of customers sometimes in a matter of hours, rather than days or even months, contends technology developer Idemia.

Credit union trade associations applaud as legislation moves forward with bipartisan support.

Critics argue that the consumer bureau's independence is being undermined, and they worry that a precedent is being established that could hamper the autonomy of other U.S. financial regulators.

The Consumer Financial Protection Bureau’s 2013 guidance putting indirect auto lenders on the hook for unintentional discrimination by their partner dealers should have been subject to congressional review, the Government Accountability Office said Tuesday.