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A longtime advocate for African-American-owned financial institutions argues that regulators should be taking more forceful action to keep them alive.

CU advocates tapped to serve CFPB’s advisory board, local organizations and other achievements and promotions in the news.

Payworks, a payments technology services company, has launched a cloud-based payment infrastructure for processing in-person payments.

Credit card rewards programs were born in the heyday of plastic and paper. As payments go digital, banks will have to make sure their loyalty programs keep pace.

Banks and regulators both deserve credit for how they have navigated the post-crisis period, but how regulators continue to implement rules — and how banks continue to deal with this environment — will determine if this is a turning point for finance or the prelude to another round of pain.

U.S. banking earnings rose 1.4% in the second quarter from a year earlier to $43.6 billion driven largely by interest-related income while the Deposit Insurance Fund hit a key trigger that will affect industry premiums.

Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues.

Symbiont, a developer of software for self-executing smart contracts, has hired Wall Street veteran Caitlin Long as president and chairman.