The Latest

The Justice Department is notifying state and municipal court systems in a letter sent Monday that defendants who fail to pay fines or fees shouldn’t be jailed. The letter warns that such practices run afoul of the Constitution and harm trust within communities.

A top CFPB official said student loan companies are at risk of breaking the law if they place people in default when the co-signer of their loan dies or declares bankruptcy. The CFPB’s latest Supervisory Highlights report focuses on problems in the student loan industry.

NCUA has sliced and diced the 2015 results to show in which states credit unions are thriving…and not.

The focus on the smart-home device marks the latest frontier in the ways in which banks and payment companies are testing features on cars, fridges, watches and other internet of things.

Trico Community Federal Credit Union in Helena, Mt., plans to change its name and charter.

Fed Picture May Clear; China to Sell Bad Debt

We are reminded frequently that policies with the best intentions often do not reach their intended recipients and at times lead to previously unforeseen issues.

First Community Financial Partners in Joliet, Ill., has agreed to buy First Mazon Bancorp in Mazon, Ill.

An agreement between CU*Answers and eDOC Innovations would allow credit unions to adopt its online imaging solution, which includes remote e-signature capability. Cooperative CUSO are providing the technology at no cost.

Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.