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The industry had cause to celebrate when the regulator revamped its MBL and FOM regulations, but several fights are brewing.
February 24
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The founders of the South Carolina bank, which liquidated after lavish spending and losses depleted its capital, paid a total of $55,000 in fines and face restrictions on future employment.
February 24
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The trade group's "candidate school" will teach members about campaign fundraising and other political basics, in an effort to boost the number of elected officials who understand banking.
February 23
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The card handles multiple currencies and is designed for students and underserved market segments.
February 23
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Hadley Robbins succeeded Melanie Dressel, who died unexpectedly on Sunday. Columbia will begin a search for a permanent CEO.
February 23
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How much do Germans like cash? Consider the following common German phrase: "Geld stinkt nicht," which roughly translated means, "money doesn’t stink."
February 23
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The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.
February 22 -
China’s Ant Financial, an affiliate of Alibaba, is continuing its acquisition spree by purchasing stakes two digital payments firms, including South Korea’s Kakao Pay and the Philippines’ Mynt.
February 22
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Canada-based PayByPhone has enabled Apple Pay for drivers in Vancouver, where the parking payment provider keeps its headquarters.
February 22
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CU’s GiveBack program has rewarded account and loan balances 4 years in a row.
February 22
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Hispanic outreach program now includes 70 CUs, several state leagues.
February 22
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Tiny $17 million Touchstone Federal Credit Union has two branches and 2,291 members, and will merge into a credit union with more than $1 billion in assets.
February 22
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Columbia Banking's CEO, who died unexpectedly on Sunday, was a thoughtful and tenacious leader who leaves a legacy of turning a small Washington bank into a regional power in the Pacific Northwest.
February 21
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London-based Prepaid Financial Services (PFS) has purchased Malta-based financial services software development company Spectre Technologies.
February 21 -
India's latest government-supported payments initiative, Bharat QR, officially launched on Monday, aiming to provide an interoperable mobile payments platform linking small merchants and consumers across channels via several major card payment networks.
February 21
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While Apple battles a group of large Australian banks over terms of its mobile payments app, it has entered separate deals with ING Direct and Macquarie.
February 21 -
Northern California-based CU says new name better communicates its heart and soul.
February 21
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In addition to transforming Columbia Banking System and navigating it through the financial crisis, Dressel was an industry leader.
February 21
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RI’s State Treasurer will open deposit accounts with local CUs and banks.
February 17
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Buying clothes can be a tedious process of waiting in lines to get into the dressing room, and then waiting in line again to make a purchase. As it turns out, eliminating the second half of this process can also reduce the first half.
February 17
