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Stephanie Sievers, who already has experience running two small credit unions, will take over at the $35 million-asset CU.

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.

New research from the New York Fed found that banks with more than $50 billion of assets originate more subprime car loans than small banks and credit unions do.

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

The financial services industry has plenty of tasks, such as card issuance, that can benefit from the automation that artificial intelligence brings, writes Jie Wu, a director at GoodData.

The Lee's Summit, Mo.-based institution has paid out $350,000 over the last five years to members.

Citigroup's venture capital arm is investing in technology that provides real-time analysis of millions of consumers' card transactions.

The possible replacement for Libor's volatility raises concern about its viability; new Fed governor says community banks punished for crisis the did not cause.

The information you need to start your day, from PaymentsSource and around the Web. Today: Softbank's bullish on driverless vehicles; Pakistan courts PayPal; Monzo adds business services; Japanese consortium cuts paper from transactions.

The installment lender, which bills itself as an alternative to payday lenders, targets underserved communities and operates through a network of retail partners.