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The North Carolina-based institution distributed more than $624,000 with some members receiving as much as $500.

The alternative is waiting for state and federal regulators to take steps that could disrupt the flow of capital and put some firms out of business.

One week after NCUA filed its own appeal brief, three major organizations banded together in support of the expanded field-of-membership rule

The San Diego bank has agreed to assume $225 million in deposits at no premium from Modern Woodmen of America, which is shuttering MWABank, its direct bank subsidiary.

The information you need to start your day, from PaymentsSource and around the Web. Today: Big banks win payment contracts in Australia; Revolut gets a banking license; Samsung Pay's on wearables in South Africa; Danske Bank gets open; Bitcoin bomb threat.

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

Working with technology developer Next Retail Concepts, Mastercard has connected to a virtual version of Los Angeles boutique retailer Fred Segal, where users may virtually pick merchandise on the shelves of the iconic store in West Hollywood, explore it from various angles, and make purchases with a discount for using Mastercard.

Traditional compliance data handling tools and procedures are mostly not efficient enough to handle the mounting data in the right way, which makes the analysis extremely difficult, writes Srinivasan Pandurangan is senior manager of business consulting at Virtusa.

Readers sound off on fintechs entering the student loan market, the FDIC’s brokered deposit rules and a heated debate over the new CFPB leader.

One Federal Reserve governor’s push to use an untapped capital buffer to counteract potential losses is stoking concerns that such a maneuver could spook financial markets.