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WASHINGTON — Three nonbank giants designated for tougher federal supervision received added guidance Tuesday on what regulators expect to see in the companies' mandated resolution plans.

FirstMerit in Akron, Ohio, reported lower second-quarter profit on shrinking interest and fee income, despite successful cost-cutting measures.

Nearly a year to the date since he left his role as CEO of NetSpend, Dan Henry may have found the new "aha moment in payments" he said he would seek as the next chapter in his career.

Visa is partnering with and investing in Stripe, fueling the processing startup's international ambitions and product development while giving the card network added juice to build new technology.

There is no reason a bank should be able to issue a loan and enjoy one set of rules while a marketplace lender, essentially issuing the same loan, must deal with a morass of conflicting state standards.

Two CUs tap new CEOs, ANECA CEO wins scholarship, and other CU people in the news.

Some Democratic lawmakers want to help consumers fight back against creditors. The Consumer Reporting Fairness Act, introduced by Sen. Sherrod Brown, D-Ohio, would make it easier to fix inaccurate credit reports.

First Data Corp. plans to start hearing banker pitches this week for an initial public offering that could be the year's biggest, according to people familiar with the matter.

Even though Congress adds nearly $5 billion in additional funding to the Small Business Administration's flagship lending program, the problem isn’t solved yet.

State Employees' Credit Union said it reached the two million-member milestone in June through "steady growth and a service-driven focus."