The Latest

CIT Group has embraced a system that mimics a single source of data to help it comply with increased regulatory scrutiny. It could also help the company become more efficient.

TCF Financial in Minnesota has launched a set of products targeting low-income customers. The company, which has closed a fifth of its branches in recent years, hopes underbanked clients will boost traffic at its remaining locations.

A report by the Conference of State Bank Supervisors found that consolidated companies with money transmitter licenses fell more than 10% from 518 in the first quarter of 2015, to 456 this year.

As a top Republican lawmaker nears the release of a plan aimed at rolling back and replacing the Dodd-Frank Act, bankers are being cautious about offering any support, fearing it may open the door to changes they oppose.

FleetCor has partnered with IBM Cloud services to help manage increasing customer demand and data as it grows its business into new markets.

Fleet card provider WEX has extended its fuel management program with QuikTrip, a convenience store and gasoline marketer.

Apple Pay reached its sixth country last month when American Express extended it to customers in Singapore, and now banks issuing MasterCard and Visa products are adding its support as well.

Shore Community Bank in Toms River, N.J., has called on some old friends to lead the board of directors.

Overall household debt rises while consumer repayment rates improve, according to the Federal Reserve Bank of New York's latest Household Debt and Credit report.

TransferWise, the U.K. company that’s trying to upend the world of international money transfers, raised an additional $26 million to fund expansion in Latin America and Asia.