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The Utah-based CU is issuing a nearly $2 million rebate for 2018 and has returned $13 million to members over last 15 years.

The new CEO is trapped in the same feedback loop of negative news, rising funding costs and declining revenue that foiled his predecessor.

Marriott International Inc. said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history. Marriott shares slumped 5.6 percent in pre-market trading.

Banks have criticized the new accounting standard, but it would likely soften future bubbles and reduce subsequent credit crunches by requiring that reserves be held upfront when loans are made.

A growing number of credit unions are buying loan participations, but smaller shops may not have the expertise needed to share the wealth and the risks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm offers enticements to merchants in India; Mastercard pushes development in Poland; Revolut gets regualtory support in Asia; Sinemia adds debit card to movie ticketing.

The central bank may be looking at other benchmarks besides the fed funds rate to conduct monetary policy; dropping human appraisers from most home sales raises concerns.

As the concept of smart cities — urban settings undergoing a digital transformation through "internet of things" technology and connected platforms — evolves, so too will the concept of making a payment.

The Amazon effect and rules such as PSD2 and GDPR are threatening technology laggards in traditional financial services, contends Stephen Menon, vice president of product at Finn AI.

Her guidance of a former credit union through the crisis and into a profitable bank, her advocacy for reg relief and other industry priorities, and her vocal support of women seeking to knock down many of the same workplace barriers she faced make her one of our Best in Banking honorees.