The Latest

YellowPepper, a Latin American mobile payments firm, named the former president and founder of defunct near-field communication (NFC) firm ViVOTech as its board chair.

CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.

The appearance of consumers’ account numbers on the outside of envelopes containing letters from collection agencies does not violate the FDCPA, two New York federal judges ruled in separate cases.

Indian e-commerce company Snapdeal.com is raising about $500 million from investors led by Alibaba Group Holding Ltd., according to people familiar with the matter.

Citigroup is being investigated over its student-loan servicing practices in a probe that the bank said echoes an enforcement action against at least one other institution.

Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance.

HSBC Holdings Plc's first-half profit beat analysts' estimates, buoyed by income from Asia and securities trading, and the bank agreed to sell its Brazilian operations for about $1 billion more than expected.

Glacier Bancorp in Kalispell, Mont., has agreed to buy Cañon National Bank in Cañon City, Colo., for $31.8 million.

HSBC Sells Brazil Unit; Former Mt. Gox CEO Arrested

CUES on Friday said the 2015 CUES Next Top Credit Union Exec challenge has been narrowed to the Top 15 applicants.