The Latest

Visa has elected Lloyd A. Carney as the twelfth member of its Board of Directors and a member of the Board’s Audit and Risk Committee. His position came into effect June 11.

Consumers in the Asia-Pacific region no longer view the MasterPass wallet as an option only for big-ticket purchases.

Private mortgage insurers see deeper coverage of GSE loans as a way to expand business, while lenders hope it could lead to a reduction to guarantee fees.

The explosive growth of mobile applications has inspired financial firms to create tools that aim to make it easier for customers to save, budget, pay bills and send money to friends and family. But the rise of the app has also opened up financial firms to a host of security issues and privacy concerns.

A city of Los Angeles lawsuit accusing Wells Fargo & Co. of opening bank accounts without customers' permission in order to reach sales quotas should be heard in federal court, according to the bank.

People's Utah Bancorp in American Fork has filed for a $36.3 million initial public offering. The $1.4 billion-asset holding company for Bank of American Fork and Lewiston State Bank plans to sell 2.5 million shares of common stock for $14.50 each.

Jack Dorsey is following in the footsteps of his Silicon Valley idol – Steve Jobs.

The Illinois Credit Union League (ICUL) and its CUSO subsidiary, ICUL Service Corp. (LSC), said they have named Tom Kane as president and CEO, effective immediately.

Town officials in Manchester, Conn. have hired a collection agency to pursue people who are delinquent on their motor vehicle taxes.

Barclays has mounted a sober public response to a tongue-in-cheek email sent by analyst Justin Kwan to a crop of summer interns. But the bank would have been better served by showing the world that it has a sense of humor.