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Mobile payment initiatives in Canada are adding perks such as shopper loyalty programs, which can help differentiate the bank and carrier-branded mobile wallets when Apple Pay arrives.

The FTC and other law enforcement officials across the U.S. announced Wednesday the first coordinated federal-state enforcement measure targeting deceptive and abusive collection practices. "Operation Collection Protection" could signal that regulators will be more aggressive, but also forthright about pursuing the industry.

WASHINGTON — The House Financial Services Committee approved a series of bills Wednesday morning that would remove a key Dodd-Frank provision and amend the structure of the Financial Stability Oversight Council.

The $3.9 billion-asset company said in a press release Wednesday that Bernard Clineberg, 66, will step down as president and chief executive in January. Christopher Bergstrom, Cardinal’s chief credit officer and chief risk officer, will succeed Clineberg as acting president and CEO. Clineberg will remain the company’s chairman.

Claremont Savings Bank in New Hampshire has found a successor to Chief Executive Sherwood Moody.

A lack of access to financial services, particularly the inability to transfer funds overseas, can prevent lifesaving work from being carried out and has touched the refugee crisis in Europe, where many aid groups are delivering assistance.

CO-OP Financial Services and Share One Inc. announced they are forming a partnership through which Share One’s clients will be offered an interface between its NewSolutions core processing software and CO-OP’s electronic payment services.

There is no reason to wait—and every reason to move—on improving the way the agency handles complaints related to exams and examiners, according to J. Mark McWatters, a member of the NCUA Board.

Payment technology provider Sage is brushing up its approach to businesses by enabling business transactions and payroll from the same system.

WASHINGTON — Though the deadline for compliance is more than two years away, lenders are already warning that they do not have enough time to comply with a new rule that requires institutions to report additional data to regulators on home loans.