The Latest

Long proven popular in countries like the U.K., prize-linked accounts recently became legal for banks to offer in some states in the U.S. Blue Ridge Bank in Virginia is early to the market with a product that gives depositors a chance to win $200 monthly for every $25 they save.

The Federal Housing Finance Agency is expected to issue a proposal soon that would require Fannie Mae and Freddie Mac to purchase manufactured housing loans from lenders.

CU Direct, a provider of lending, automotive and strategic solutions to the credit union industry headquartered here, on Wednesday said it has entered into a new agreement with Credit Union Leasing of America (CULA).

Credit unions in a number of states have been offering prize-linked accounts for years, but up until recently, banks were unable to follow suit, but with a recent change in law, one small bank is offering a "Jackpot Savings" account.

The payment processors Heartland Payment Systems in Princeton, N.J., and VersaPay in Toronto have partnered to sell a cloud-based accounts receivable product.

The Debit Network Alliance has hired the Dutch firm Gemalto to provide consulting on implementing EMV anti-fraud technology.

Barclays' Barbara Byrne launches her Women in Leadership index, one bank bans all-male shortlists, the @GSElevator guy speaks out for women, Karen Peetz has some ideas to make social finance more attractive and the Manbassador movement grows.

Contrary to the results of a recent internal investigation, the Justice Department's Operation Choke Point circumvents due process in attempt to shutter lawful businesses like payday lenders and ammunitions dealers.

The timing brings Samsung's mobile wallet to market just a few weeks shy of Apple Pay's one-year anniversary — and in line with the expected annual refresh of Apple's iPhone line.

As banks look to shorten their list of vendors, the industry's largest technology supplier is looking to lengthen its list of products and services.