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Happy Money and Arcus have joined a pack of fintechs and online lenders urging customers to forgo expensive credit card debt, in this case calling it a "sad spend."

It almost seems counterintuitive that a health savings account would be so attractive that it could actually be used as a marketing tool to recruit prospective employees and retain existing ones.

Brim Financial is the only non-bank or credit union to have an issuer licence from Mastercard Canada. Unlike other countries, Canada doesn't require credit card issuers to have bank licenses or bank sponsors.

Consumers, who often understand little to anything about the fees retailers pay to accept cards, will not care about the details of the fight and will place their displeasure solely on the shoulders of any large retailer that elects this strategy, writes Myron Schwarcz, executive vice president of Strategic Resource Management.

The Banking Committee had delayed a vote on Kathy Kraninger’s confirmation after the Senate announced a short summer recess.

The letter from lawmakers to the bureau follows a report that the agency does not view the exams as explicitly required by the law.

But overexpansion, trade wars and escalating wages for drivers could cut the trip short for banks that have aggressively pursued business with large and midsize trucking companies.

With back-to-school season in full swing, credit unions are taking another look at private student loans. Learn about the different ways to get into this business.

While the industry's trend of supporting Republicans continues, Senate Democrats who backed reg relief are drawing key industry support.

The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.