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To eke out growth in the mature payments terminal market, Square is taking its newest NFC-enabled hardware to markets outside the U.S. with heavy contactless card penetration, where some merchants are likely to be behind the technology curve.

The company will pay $42 million in cash for the parent of Main Street Bank in southeastern Michigan.

Nitin Mhatre of Webster Financial explains why the Consumer Bankers Association — whose members want a bigger piece of the student lending market — backs legislation that would make the federal government tell borrowers how much they will ultimately owe, as private lenders are already required to do.

As the industry considers a movement-wide focus on diversity and inclusion, some at the annual Inclusiv conference say there are opportunities for credit unions to better serve immigrants and have more diverse staffs.

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

A successor to Janet Bantz, who has led the Indiana-based institution since 1989, has been selected but not formally announced.

As the tech giant restructures and reinvents its current lending program, it must take advantage of this increased access to borrowers’ banking data to strengthen and inform its lending decisions, writes Become's Eden Amirav.

The company will pay $29 million for Cornerstone Financial Services.

Hispanics will make up more than half of new homeowners by 2030, and credit unions need to actively market to this demographic, according to a panel discussion at Inclusiv's annual conference.

The Tennessee company will gain access to the Bowling Green, Ky., market as part of the $52 million deal.