The Latest

Mid Minnesota Federal Credit Union named Bob Gerads, formerly of Falcon National Bank in Minnesota, to succeed Chuck Albrecht as president and chief executive.

Bank of America was an anchor investor for a new $100 million fund managed by Mendoza Ventures, which backs companies with founders from minority and other diverse backgrounds in the financial technology, artificial intelligence and cybersecurity industries.

The Securities and Exchange Commission is pushing back on Binance.US's plan to buy the bankrupt crypto lender Voyager Digital, a deal valued at about $1 billion, according to a bankruptcy court filing.

Nadine Chakar will take the helm at Securrency from current CEO Dan Doney, who will become chief technology officer.

The fintech says its users took out 70 million cash advances in 2022, and many grew their paychecks along the way.

The parent company of Silicon Valley Bank has tapped Kim Olson, a former bank supervisor who most recently worked at Tokyo's Sumitomo Mitsui Banking Corp., to oversee its risk department.

Genesis Global Trading has laid off more than 60 employees in its latest round of job cuts, amounting to roughly 30% of the troubled crypto brokerage's workforce.

Credit card interest rates are expected to reach a four-decade high this year, a positive for lenders poised to benefit from the increased income while painful for consumers facing escalated borrowing costs.

The Office of Financial Research proposed a rule that would give it greater transparency into non-centrally cleared bilateral repurchase agreement transactions.

The rise of legalized online sports betting has pushed the payments industry to create some of its stiffest defenses against scams.