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Democratic presidential candidate Bernie Sanders and Rep. Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates.

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.

Credit unions have announced new hires and promotions in a range of areas, including employees involved in commercial real estate, collections and market data analytics.

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.

The proposed merger will create a bank with more than $1 billion in assets.

ECGS urges investors to oust the chairman and three executives; financial companies using AI to help adults manage their elderly parents’ finances.

The information you need to start your day, from PaymentsSource and around the Web. Today: PayPal's high on phishing list; San Francisco outlaws no-cash stores; Facebook changes crypto ad policy; Ransomware hits Baltimore.

The presidential contender’s plan to eliminate more than $1 trillion in student loan debt could have far-reaching implications for credit unions

A crypto-based payments system from Facebook would create more competition and pressure legacy companies to up their game, says Eric Grover, a principal at Intrepid Ventures.

Google has made significant headway against merchant reluctance and branding confusion on its path to offer mobile payments. But an influx of contactless cards in the U.S. threatens another setback to mobile wallet adoption.