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The trade group's Annual Report on Credit Unions was released today, focusing on the regulatory burden and the importance of the credit union tax exemption.

Capital Corps, led by Steven Sugarman, aims to provide financing to homeowners and small businesses that it believes are overlooked by banks. The firm features several former Banc of California executives.

Facebook Inc. is enabling people outside the U.S. to send money to each other via its Messenger texting app for the first time.

The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities.

China enacted sweeping changes to a business competition law to address fraud in the e-commerce industry, which is plagued by malfeasance ranging from fake positive reviews to merchants goosing sales numbers.

NetEase Inc., China’s second-largest video game publisher, is deepening a push into e-commerce with plans to increase spending on products from the U.S., Europe and Japan to sell to local consumers.

With talks about Brexit largely deadlocked, banks have begun putting their contingency plans into action. The focus: Frankfurt.

A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

Goshen, Ind.-based CU reports both membership, asset milestones.

In the U.S., Visa Direct has emerged as one of the few go-to tools for fast payments in a market that is overdue for such options. The product's true test begins now, as Visa launches it in Europe, where faster payments options are far more plentiful.

Gerald Lipkin has been the New Jersey company's CEO since 1989. Ira Robbins, president of Valley National's bank, will succeed Lipkin.

CapStar Financial is suing an investor on claims he misled other shareholders and is trying to skirt bank holding company laws.

Telcos have long hoped to play a key role in mobile payments, and the mobile-only Orange Bank is a major push toward that goal.

Eastern Maine Medical Center FCU now part of Acadia FCU after members approve.

Kearny agreed to pay $408 million for Clifton Bancorp in a deal that will add 12 branches in northern New Jersey.

New York plans to dramatically digitize its subway system, phasing out its iconic MetroCard to install contactless tap-and-go technology, bringing a dose of the 21^st century to a system that dates to 1904 but often feels even older than that.

The Canadian payment system is evolving into something almost completely different, an evolution that's birthing new ideas to handle authentication.

Canadian consumers using Samsung Pay can now make Interac debit payments through their mobile devices using a tokenization service from Interac and digital security provider Rambus Inc.

Evans Bancorp in New York believes the business is ill-suited for community banks and that it can draw unwanted attention from regulators.

Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector.