The Latest

Synchrony Financial in Stamford, Conn., has agreed to issue private-label cards on behalf of Newegg, an online retailer of consumer electronics.

Members of $175 million Air Line Pilots Association FCU, voted to merge into $1 billion Connexus Credit Union. The deal was effective July 8.

CUNA gets a new chief marketing and technology officer, Consumers CU announces promotions and more.

Barclays' absence has been a major issue surrounding Apple Pay's long awaited move into the U.K., though with a formal announcement of Apple's mobile payment play coming as early as July 14, word of the bank's reversal started to circulate online.

Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.

After receiving final regulatory approval, the merger of $1.4 million St. Patrick (Croswell) Credit Union into $396 million Security Credit Union began earlier this month.

Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.

American telco company IDT Corporation has launched a direct-to-mobile-wallet service to Kenya and Niger through its international money transfer service, Boss Revolution, entering markets where mobile payments have been successful in the past.

Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.

Democratic presidential fron-trunner called for tougher reforms on Wall Street and harsher penalties for financial misconduct, but avoided more aggressive positions embraced by other candidates to break up the biggest banks.