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Banks should assess a customer's full financial picture before deciding to sell a debt to a third-party collection agent.

CFPB TRID changes, NCUA comment request on information collection activities and a focus on regulatory relief for CUs during the legislative recess are all on the agenda for the industry this week.

Changes in consumer behavior – including a growing distrust of financial advisers – are driving the rise of robo advisers, says Gauthier Vincent, a consultant with Deloitte.

The decision by third-largest CU marks the second high-profile reaffiliation this year.

Peach State Federal Credit Union in Lawrenceville, Ga., has acquired RCT Federal Credit Union in Augusta, Ga.

While some institutions find it sensible to appoint chief operating officers to assist the CEO or as part of a succession plan, many others increasingly choose to go without a COO.

JPM Exits T-Bond Settlement; Consumer Debt Worries

Monona State Bank in Wisconsin has agreed to buy MBC Bankshares in Middleton, Wis.

European Union regulators recently passed new rules for shielding data from cyber criminals. Every company that operates in or does business with EU citizens must comply, which is virtually every mid-to-large sized company in the world.

More mobile wallet consortiums failed last month, with two folding in New Zealand and Canada, escalating doubts about the prospects for cooperation among competitors in mobile payments.