The Latest

Supermarkets and other retailers reported rejected transactions after a network glitch, causing some to quickly deploy cash-only checkouts.

Amid rising interest rates and vehicle costs, longer loan terms and more, credit union auto lenders have two paths they can take to manage the challenges and opportunities that lie ahead.

Kathy Thorson, who is currently a market president at MetaBank, will oversee strategy for all of its four markets.

The subprime lender could lose a big partner now that Fiat Chrysler has officially announced it will form its own auto finance unit, and the two are negotiating an end to their 6-year-old relationship.

A change in House leadership in midterms would slow down regulatory relief initiatives and put more heat on Trump-appointed regulators.

Another look at how credit unions are giving back to the communities they serve.

There are forward-looking regulations that govern the landscape of how personal data gets collected, processed, analyzed, stored, retained, monetized, and accessed by any organization that collects data in the EU. Its goal is the protection of individual privacy and will require a multi-year strategy, according to Bassim Alkhafaji, a partner at Andra Capital.

Payment gateway provider Pelican Group has launched PelicanPay, a new unit of the company, to focus on providing European-wide Payment Services Directive connectivity, payments and financial crime compliance services.

The revisions – approved by a May 30 notation vote – could ease the burden for credit unions approaching the MBL cap.

The agency’s recent bulletin could help banks get back into the small-dollar lending business, keeping needy borrowers out of debt traps. But other regulatory limits remain in focus.