The Latest

Regardless of which party controls the House or Senate after the midterm elections, the financial services panels in both chambers could have new leaders.

Entrust Datacard, which serves both sides of the physical and digital payments spectrum, sees the categories' fates as intertwined. The more momentum digital and mobile wallets have, the more opportunity they create for their plastic counterparts.

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

The Albany, N.Y. based credit union announced the program just in time for the Fourth of July.

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.

PFCU and SageLink Credit Union have combined to create an institution with more than $533 million in assets.

The final sale price came it at $6.9 billion, or about $900 million more than what the two firms agreed upon when the deal was announced in November.

Donations to improve kids' lives, branch expansions, helping the less fortunate and other ways credit unions are making a difference.

"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.

Hotels have elaborate systems to capture lodging fees and other purchases charged to rooms, but when customers book special events such as weddings or conferences, payment security can be more of a problem.