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Members of Crane Credit Union here voted to convert the $485 million institution from a federal to a state charter.

The Electronic Transactions Association released its updated Guidelines on Merchant and ISO Underwriting and Risk Monitoring last week, spotlighting various merchant categories that face the biggest scrutiny from law enforcement agencies.

A senior Bank of America tech executive has migrated about 20 blocks south in New York (from Bryant Park to Madison Square Park) and into a very different world, offering platform-as-a-service to banks and other customers.

Google's parent, Alphabet, should buy American International Group to expand into financial services, and turn the insurer into a laboratory for innovation, Citigroup's analysts said in a note Monday.

Federal Reserve Bank of Minneapolis President Neel Kashkari said Congress hasn't gone far enough to protect the U.S. economy from potential crises and unveiled plans to study options for regulators that include breaking up the nation's largest financial institutions.

Though the bank that was dedicated to helping former slaves gain access to financial services failed, that same basic mission — bringing affordable financial service to people of modest means — would carry on in credit unions. In honor of Black History Month, Credit Union Journal looks at the history behind this special bank that still serves as inspiration for CUs that primarily serve African Americans today.

Lawmakers opted for broadening the focus and makeup of the Financial Stability Oversight Council, but a more focused systemic risk regulator would have had a better chance of success.

The FTC and the State of Florida have obtained settlements with a group of defendants who participated in a tech support scheme that allegedly defrauded thousands of consumers out of millions of dollars.