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Credit unions aren’t the only ones who would like to see changes made to their call reports: so would banks. While CUs are expecting NCUA to address call reports during implementation of the risk-based capital rule, banks are getting a little help from a handful of members of Congress.

Setting yet a new record for number of comment letters filed, NCUA’s proposed field of membership overhaul has reopened old wounds and rekindled the battle between credit unions and banks.

U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.

A new breed of tax refund anticipation loans is testing that age-old maxim, with supporters saying that free really does mean free and critics suggesting that the products' 0% interest rates are masking the actual costs.

The honorees, selected by the editors of PaymentsSource, are responsible for businesses and innovations as diverse as the payments industry itself.

Stephen Steinour, chief executive of Huntington Bancshares in Columbus, Ohio, has pursued a risky strategy of taking losses in exchange for adding new customers, the Cleveland Plain Dealer reported.

Golf course management software provider Club Prophet Systems is using the linked2pay application interface to add Automated Clearing House payment acceptance as an option for its clients.

U.S. consumers in December increased their borrowing at the fastest pace in three months. The result suggests that consumer spending should remain strong in the coming months.

A bipartisan group of lawmakers is poised to introduce a bill Tuesday that would streamline quarterly call reports in an effort to help ease the compliance burden on the community banks.

Overhauling the S&L crisis-era method for intervening in struggling banks, which did not live up to expectations during the 2008 meltdown, should be a higher priority.