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Community Financial Credit Union (CFCU) of Broomfield, Colo., said it will distribute $300,000 to reward its "most loyal members" as part of its Member Bonus program, which is designed to return earnings back to its members.

PayPal Holdings has named the head of a cryptocurrency firm to its board.

GC Services LP, a nearly 60-year-old accounts receivable management company, has been sold for undisclosed terms.

PayPal Holdings has named the head of a cryptocurrency firm to its board.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

Consumers increasingly fell behind on their payments in several loan categories in the third quarter as economic growth cooled.

There is a growing belief that reserves for energy loans should represent 5% of a bank's exposure to the sector. Three banks have already announced plans to move in that direction, prompting speculation as to which other lenders will be next.

Discover has taken a deeper step into the airline miles rewards card competition, shifting the tone of its TV advertising with its first commercial for the It Miles card it introduced last year.

Officials in Montezuma County, Col. hope a Web-based collection management system will help them collect more than $311,000 in debt owed by current and former inmates.

Barclays has named Curt Hess chief executive of its payments business in the U.S., promoting him from interim CEO.