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Peoria, Ill. – Citizens Equity First Credit Union (CEFCU), a $5.2-billion institution based in Peoria, Ill., said its board of directors has issued a $40 million “extraordinary dividend” to its members for the second consecutive year.

WASHINGTON — Fannie Mae and Freddie Mac would be able to evaluate and use new credit scoring models under a bill introduced in the House that seeks to create more competition in the credit scoring industry.

Rep. Maxine Waters, D-Calif., reintroduced legislation Friday to strengthen the government’s ability to prosecute individuals who break anti-money laundering and terrorist financing rules.

Salisbury Bancorp. in Lakeville, Conn., has issued $10 million in subordinated debt and plans to exit the Small Business Lending Fund.

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending is more susceptible to terrorist financing. Yet experts said that the criticism directed at the industry appears unfounded. Here's why.

Wirecard Group and Alipay are collaborating to provide European retailers with barcode technology enabling Chinese tourists to make point of sale payments using the Alipay mobile wallet app.

American Express has joined LendingTree’s credit card marketplace.

Santander Consumer USA Holdings in Dallas plans to open a servicing center in San Juan, Puerto Rico.

First United Bancorp in Madisonville, Ky., has agreed to buy Town & Country Financial in Beaver Dam, Ky.

The Treasury Annex building in Washington is slated to be renamed in honor of a bank that served emancipated slaves after the end of the Civil War.