The Latest

Bank of America appears to be retaining more deposits from recent branch sales, using technological advancements to keep customers despite the lack of a physical location.

Two former credit union employees were handed life-time prohibition orders from the National Credit Union Administration in March following their criminal convictions.

WASHINGTON – The public advocacy group Better Markets is calling on a federal court to explain why it has decided to seal an opinion, delivered Wednesday, that struck down MetLife’s designation as a systemically risky nonbank.

Competition is spurring subprime auto lenders to stretch their underwriting guidelines for new customers, raising fears of another bust. In February, 5.16% of securitized subprime auto loans were at least 60 days past due, according to Fitch Ratings. That slightly exceeded the level of late payments at the height of the Great Recession. Here's a guide to who's doing what in the market, courtesy of our colleagues at Asset Securitization Report.

Three credit unions in separate states incorporated Fiserv’s DNA core accounting processing platform and integrated solutions during the last quarter of 2015, the financial technology company announced Wednesday.

First Data paid Chief Executive Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase CEO Jamie Dimon, received last year.

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on "responsible innovation." It is still deciding whether to open an office dedicated to monitoring the fintech sector.

MINNEAPOLIS – OnApproach, a CUSO that provides big data and analytics solutions for credit unions, on Monday said it has entered into a strategic partnership with Rate Reset to bring enhanced loan acquisition and retention software to CUs.

To help make instant payments a reality, regulators here and abroad should encourage multiple approaches, thus avoiding the temptation to mandate a single solution.

Did Lehman Brothers pick Erin Callan Montella for CFO at a desperate hour so that she could be the one to fall on the sword? Kelly Evans of "Closing Bell" suggests so. Are women focusing too much on performance? Carla Harris offers a more effective alternative. Also, Bank of America gives new parents more time off and an activist investor demands gender pay equality.