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Of all the companies in the payments landscape, few have changed as much as PayPal has in the past year. And heading into the new year, the newly independent alternative payments company is showing no signs of slowing down.

Directors at credit unions used to work for free, but that is starting to change — and it's rankling banking industry officials who say it's another example of the nonprofit cooperatives mimicking banks without shouldering the same tax burden.

Lending Club, the nation's largest marketplace lender, announced Tuesday that it has raised interest rates on its new loans by an average of 0.25% in the wake of the Federal Reserve Board's recent rate hike.

The ease with which Congress was able to take money from the Federal Reserve to pay for a highway transportation bill — by slashing the dividend the central bank pays large banks — is likely to encourage lawmakers to take another dip into the Fed's books next year.

The $3.9 billion-asset holding company for Busey Bank redeemed all its remaining shares in the program at a total redemption price of about $72.8 million.

The ease with which Congress was able to take money from the Federal Reserve to pay for a highway transportation bill — by slashing the dividend the central bank pays large banks — is likely to encourage lawmakers to take another dip into the Fed's books next year.

NCUA approved four new credit union charters in 2015, continuing the trend of seeing just a handful of new CUs joining the ranks. As part of Credit Union Journal’s Year in Review, we recap this year’s crop of de novo charters and explore why there are so few of them.

WATERFORD, Conn. – Charter Oak Federal Credit Union on Tuesday said it has awarded more than $438,000 in annual $100 cash bonuses to its Gold Rewards members in December – a new record for the $914 million credit union.