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Financial industry representatives immediately raised significant questions about Donald Trump's plan to block remittances to Mexico, including the appropriateness of using financial institutions as a tool to carry out immigration policy, as well as how the policy would be executed.

Royal Bank of Canada, which had $1 billion in earnings from its U.S. businesses last year, expects to double that amount in five to seven years, Chief Executive Officer David McKay said.

As the pressure builds for mortgage lenders to offer digital — specifically mobile — tools, innovators in the space are encouraging the industry to keep the customer as the focus in designing new offerings.

Two North Carolina credit unions — Coastal Federal Credit Union and Freedom Credit Union — said their boards have agreed to merge the institutions in a transaction that will result in Coastal FCU as the surviving entity.

Democratic presidential hopeful Hillary Clinton has made reining in the shadow banking system a focal point of her campaign platform, but there are fears that doing so could come with a high price tag for the U.S. economy.

San Francisco Municipal Railway Employees Federal Credit Union on Wednesday said it is pursuing a merger with UNIFY Financial Credit Union of Torrance, Calif.

Visa Inc. recently established a 12-year lifecycle for EMV chips in payment cards, and CPI Card Group is among the first card manufacturers to enact the new policy, eliminating the need for issuers to get EMV chips in Visa cards approved every three years.

The FTC has closed the book on a fraudulent debt collection scheme that processed payments for payday loan debts they didn’t owe.

CO-OP Financial Services annual shareholder dividend pool totaled $53.3 million for 2015, the highest annual dividend recorded by a credit union service organization for its owner credit unions, the company announced Wednesday.

The deal to buy TradeKing would allow the online-only bank to offer wealth-building products to its roughly 1.1 million depositors. The additional low-cost deposits could also help fund loan growth as it looks to expand beyond auto lending and into mortgages and credit cards.