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The former chairman of the failed Premier Bank in Wilmette, Ill., was sentenced to five years in prison after he pleaded guilty to defrauding the Treasury Department's Troubled Asset Relief Program.

The Consumer Financial Protection Bureau and the New York Attorney General filed a lawsuit Wednesday against two New York debt collectors for deceiving and harassing millions of consumers to pay inflated debts.

Visa closed its acquisition of Visa Europe in late June, ending a year of negotiations and years of speculation in the payments industry.

If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.

A lot of analytical horsepower is being spent on what will happen to the markets after the election, but it seems to make more sense to talk about what will not change for consumers, investors and financial institutions.

The state-chartered credit union's expansion plan was announced just days after regulators approved a rule broadening field-of-membership rules for FCUs.

Alibaba is taking advantage of a consumer shift to shopping on mobile devices as it uses its massive computing power and investments in data centers.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Square gets some good news; web appliances get set to take off; financial inclusion makes progress; Instagram's e-commerce strategy moves forward.

In venture capitalist Scott Tobin's chats with fintech startups, one name kept coming up: Cross River Bank in Teaneck, N.J.

A lot of analytical horsepower is being spent on what will happen to the markets after the election, but it seems to make more sense to talk about what will not change for consumers, investors and financial institutions.