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Rebeca Romero Rainey, while known as compassionate banker and less of a firebrand than her predecessor at the trade group, will take firm stands for small banks on reg relief, innovation and fair play, say those who know her.

UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.

The company will also sell $58 million in deposits to West Gate Bank.

China will permit foreign companies to access its $27 trillion payments market, further opening up the world’s second-largest economy.

The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

Ancora Advisors will place a representative on MutualFirst's board in exchange for supporting the company's director nominees and other policies.

The $6 million acquisition will add four businesses with a total of $700 million in assets under management.

The Worcester, Mass.-based credit union was selected to participate in the Federal Home Loan Bank of Boston's Equity Builder program, and can receive up to $110,000 this year to help homeowners with down payments, closing costs and more.

Alipay already has inroads in Mexico, where its mobile wallet is accepted at some retailers popular with Chinese tourists. Through a partnership with Openpay, it’s expanding Mexican merchants’ access to these transactions in person and online.

President and CEO Wendell Lyons will retire early next year, to be succeeded by current EVP Debbie Painter. Both have spent approximately four decades in the movement.

Canada's financial consumer watchdog will strengthen its supervisory and enforcement teams, modernize its supervision approach to monitor banks more proactively, and enhance consumer information after reviewing bank sales practices.

A partnership between SumUp and iZettle to provide mobile card readers will help the Church of England offer contactless, virtual terminal and mobile payments to its congregations.

The Indiana-based credit union made significant gains in membership, lending, assets and more.

The San Juan company disclosed an error in the way it calculated the provision for losses in its commercial loan book.

Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade.

Analysis from the Minnesota Credit Union Network revealed a benefit of $69 per member or $132 per household as the result of credit union membership.

Because Google Pay is already accepted at numerous mainstream merchants and is the default mobile wallet for many Android smartphone owners, it stands a strong chance of easing the friction of enrollment in a contactless fare system.

Credit unions will be watching as the Senate's regulatory relief bill heads to the House, but government spending and interest rates may delay that process by several weeks.

Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application.

Alipay has partnered with FreedomPay and expanded an existing deal with First Data to deepen U.S. merchant acceptance at key destinations for Chinese tourists.