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The two Democratic lawmakers sent a letter Monday to the four largest servicing companies asking them to address borrower complaints.

The payments CUSO noted this latest give-back comes after it had previously distributed $5.5 million in capital credits.

Credit union trade associations lauded lawmakers while bankers -- predictably -- lamented the news.

In a move designed to strengthen its capabilities for integrated payments, processor and technology provider Total System Services has agreed to acquire Cayan for $1.05 billion. The news shortly follows another deal valued in the billions — Thales agreeing to buy the chip maker Gemalto for $5.4 billion.

Southeastern Trust is being sold to a group led by the unit's management team.

If we are going to make these global transactions easier for payers and receivers, these incumbents have to accelerate their progress and level of innovation, writes Mike Massaro, CEO of Flywire.

The planned purchase of Home BanCorp will nearly double the size of First Citizens' branch network in the Sunshine State.

While a robust dialogue about all forms of financial products is critical and regulation to protect consumers is necessary, removing a source of credit for hard-working Americans and eliminating choice should not be the focus of any federal agency.

The company has agreed to buy Kansas Bank Corp. and Adams Dairy Bancshares in separate transactions.

The purchase will significantly increase Hancock's assets under management and administration.