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WASHINGTON — Financial authorities from the Group of Seven countries on Tuesday released cybersecurity recommendations for private and public entities operating in the financial sector.

Navy Federal Credit Union, the largest credit union in the country, agreed Tuesday to pay $28.5 million to settle regulatory allegations it engaged in illegal debt collection practices.

WASHINGTON — Navy Federal Credit Union, the largest credit union in the country, agreed Tuesday to pay $28.5 million to settle regulatory allegations it engaged in illegal debt collection practices.

The storm claimed at least 33 lives, though credit unions appear to have not suffered much — if any — significant damage.

First Tennessee Bank in Memphis said Tuesday that has promoted three executives in its Middle Atlantic region.

Fintech circles are abuzz about the possibilities for streamlining compliance work following IBM's deal to buy Promontory. Artificial intelligence software could help separate false positives from true violations, for example, or read and parse through lengthy regulations.

"If you say you're going to be under $50 billion, then you say you're not growing," Ellen Alemany said after CIT announced the long-anticipated sale of the aircraft leasing unit.

Millennials are experts at navigating social media and messaging apps, but they could use some help when it comes to managing their money, concluded the U.K. fintech team behind Plum, a new app aiming to bridge this chasm.

Enterprise Financial Services in Clayton, Mo., has agreed to acquire Jefferson County Bancshares in Festus, Mo.

The new prepaid rules make it harder for bad actors to enter the industry while also being broad enough to apply to future digital products.