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As big retailers like Walmart are more actively pushing consumers away from signature-based transactions to PIN-based transactions, credit unions stand to lose precious interchange income. But industry insiders suggest CUs may have some tricks up their sleeve to mitigate this challenge.

Prosper is already offering loans at doctor's offices while Lending Club is testing a device that would allow it to make loans on the spot at car dealerships and other retailers. The efforts highlight the need for marketplace lenders to keep innovating as competition for customers intensifies.

Baylake Corp. in Sturgeon Bay, Wis., has agreed to buy New Bancshares in Kewaunee, Wis.

A dysfunctional culture can harm banks' long-term viability and share value growth. Luckily, these problems can be fixed by encouraging team accountability, empowering employees to make decisions, and showing appreciation for staffers.

Bank of America pops up in Friday's news for several reasons, including an article revealing the bank and JPMorgan Chase agreed to scrape debts discharged in bankruptcy from consumers' credit reports within the next three months. The move comes in response to a set of lawsuits.

Hanmi Financial in Los Angeles is planning to close four branches.

Premier Financial Bancorp in Huntington, W.Va., has completed its exit from the Troubled Asset Relief Program.

B of A, JPM to Set Right Credit Reports; How Kabbage Grows

Bank of America and JPMorgan Chase have agreed to update their customers' consumer credit reports to eliminate debts that have been legally extinguished, providing relief for more than a million Americans, the New York Times reported.

CO-OP Financial Services on Thursday said it will offer a subsidy to clients switching to EMV cards that will total $9.1 million.