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NCUA Chairman Mark McWatters has responded to a controversial letter from U.S. Sen. Orrin Hatch questioning the credit union tax exemption.

Its is one of a number of companies that argue that taking the side of consumers can be a viable business plan.

CIT took a $22 million hit on a business loan, and overall loan growth was tepid.

Citigroup chairman Michael O'Neill said he's "agnostic" about keeping chairman and chief executive officer as separate roles and directors will consider Mike Corbat to be his successor.

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.

A pair of credit unions in North Carolina and Florida – separated by nearly $2 billion in assets – have formed an alliance to share advice, support, best practices and innovations.

The timing is right for Congress to act sooner rather than later, defining what Is legal and establishing regulations, writes Cathy Beardsley, president and CEO of Segpay.

The international standards-setting body is weathering the infatuation with isolationism in the U.S. and elsewhere better than expected.

The two credit unions have combined assets of more than $115 million and serve nearly 16,000 members.

The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter.