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Strengthening the trade association will engage a higher number of members in the voting process and reinforces the democratic principles that drive cooperatives.

Months after advocating for a blockbuster sale of Comerica, Hudson Executive Capital has slashed its stake in the company, as chatter about a potential deal has fizzled. Still, the firm is credited with pushing the struggling regional bank to adopt a surprisingly aggressive turnaround plan.

Union Bankshares in Richmond, Va., said Wednesday that John Asbury, formerly of First National Bank of Santa Fe in New Mexico, will be its next CEO.

The Near Field Communication (NFC) payment rings Visa launched at the Rio Olympics earlier this year are now available to the general public.

R3 CEV, a consortium of several of the largest global banks focused on blockchain, filed its first patent on Tuesday: a distributed ledger platform designed to manage financial agreements between regulated financial institutions.

The Federal Housing Finance Agency is seeking to make it easier for Federal Home Loan Banks to accept certain kinds of collateral for advances.

Medallion Financial, trying to diversify beyond its traditional business of financing taxi drivers, plans to issue loans on behalf of web-based lenders. But that new strategy faces some potential pitfalls.

Until recently, credit unions rarely used arbitration clauses, and were praised by consumer advocates for pro-customer practices. But credit unions have learned to embrace the use of arbitration clauses – and now oppose the Consumer Protection Bureau’s plan to rein them in.

ClearXchange has access to a majority of the market's online banking accounts as it takes on Venmo, but there's one thing it may not have.

WASHINGTON — A federal appeals court has scheduled oral arguments in a case that could have profound implications for the government's ability to designate nonbanks as systemically risky.