The Latest

The Federal Trade Commission has closed its investigation of Morgan Stanley's massive data breach. It has identified the problem that allowed the breach to happen: access controls to a narrow set of reports were improperly configured.

Total System Services (TSYS), the Columbus, Ga.-based payment processor, has hired Patricia A. Watson to be senior executive vice president and chief information officer, effective Sept. 14.

PeoplesBank in Holyoke, Mass., will promote its chief financial officer to lead the bank, as Chief Executive Douglas Bowen plans to retire.

The FDIC wants to enlist banks to help determine which customers are insured and uninsured, but some say the FDIC is passing what should be its responsibility on to the industry.

A trio of credit unions share how they're changing their branching footprint, from coffee shop chic to no-frills virtual branches.

Social Finance Inc. has hired Joanne Bradford, a veteran of the technology and media industries, as chief operating officer.

First State Associates in Hawarden, Iowa, has agreed to buy Miner County Bank in Howard, S.D. The banks expect the deal to close later this quarter or early in the fourth quarter.

Earning local recognition and other great things CUs are doing in their communities.

The rise of mobile payments has had only a narrow impact on the use of cash, according to a new report from the ATM Industry Association and the business strategy consulting firm Tremont Capital Group.

Leader Bank in Massachusetts developed software to get renters paying their bills online. It solved a hassle for landlords, helping the bank win their business. Now, Leader is preparing to sell the ZRent tool to other banks.