The Latest

HSBC was fined $32.5 million for failing to comply with a 2011 consent order that directed the bank to revamp its mortgage servicing and foreclosure practices.

The persistent opposition to the Consumer Financial Protection Bureau — which has been fierce since day one — has been puzzling, and has been cloaked in misleading arguments about the structure of the agency.

British consumers, who helped the economy emerge largely unscathed from the Brexit vote, now face their next big health check.

Wayne Savings Bancshares in Wooster, Ohio, is facing pressure to sell itself just weeks after its CEO resigned.

Credit union service organizations are required to register annually as part of a rule the regulator approved in 2013.

The dominance of the sector by the Big Four accounting firms poses its own systemic-risk concerns and prompts questions about how other mega-companies are audited.

Fraudsters, aware of the scope of the Payment Card Industry data security standards, increasingly deploy fraud methods that fall outside of PCI safety.

Wells Fargo to introduce new pay plan; banks borrowing increases; banks transforming brokers

Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Visa sponsors e-sports; Sprig uses e-tips to keep staff; ING builds a mobile donor box; a crook sues Verizon for "allowing" his crime.

Around the same time PayPal spun off from eBay Inc. to become its own company last year, it also took on the global money transfer provider Xoom. This acquisition may have been overshadowed by PayPal's bigger news, but it remains key to the company's post-eBay strategy.