ALEXANDRIA, Va. — NCUA announced this afternoon it awarded CO-OP Financial Services, the credit union-owned payments company, the right to acquire the assets of U.S. Central's Corporate Network eCom, the failed corporate’s online and mobile payments services.

Webster Financial Corp. in Waterbury, Conn., has promoted Chief Operating Officer Gerald P. Plush to president of the company and its Webster Bank subsidiary, effective immediately.

JPMorgan Chase & Co. has made two changes to the leadership of its consumer and business banking unit, according to an internal memo obtained by American Banker on Thursday.

Legislation in the Senate could be key for small banks to deregister from the SEC.

S.Y. Bancorp Inc. in Louisville, Ky., is looking to expand in the Indianapolis market.

A lawsuit brought by a group of retail associations and retailers against the Board of Governors of the Federal Reserve System asks the courts to find the board's rules to implement the debit card swipe fee requirements of the Durbin amendment to be "arbitrary, capricious and an abuse of discretion."

The bank's core overhaul touches almost every area of the bank, from security to CRM to mobile.

Banks have been much maligned for nickel-and-diming their customers, but in another area — cardholder fraud protections — they are being praised as consumer champions.

The Consumer Financial Protection Bureau will begin taking tips from whistleblowers about violations of federal consumer financial laws.

The board of Capital City Bank Group Inc. in Tallahassee, Fla., has suspended its common stock dividend.

Ailing Palmetto Bancshares Inc. in Greenville, S.C., will shutter more branches and eliminate more jobs as it struggles to return to profitability.

Citigroup Inc., having recommitted to the retailer credit card business it tried in vain to sell, has signed a new deal with Ford Motor Co.

Little noticed was the fact that the recent ViewPoint agreement to buy Highlands Bancshares was one of the pricier deals in months. However, it's probably an exception to the rule.

Morgan Stanley plans to eliminate 1,600 positions across the company early next year as it joins the chorus of financial firms cutting jobs due to poor business conditions.

Park National Corp. in Newark, Ohio, warned in a regulatory filing Wednesday that its 2011 loan-loss provision will be higher than anticipated after regulators said its Vision Bank unit improperly accounted for guarantor-support loans.

The bank's announcement that it will adopt an easy-to-read disclosure form for checking account fees draws applause from Senate Democrats.

Someday there may no longer be such a thing as an alternative payment.This year, there have been several acquisitions or product changes that take alternatives and combined them with a company or product that handles payments in person.

Big banks shifting position from fast followers to aggressive adopters, according to Forrester research sponsored by Fiserv.

Prosperity Bancshares Inc. in Houston said it will start listing its common stock on the New York Stock Exchange.

Southwest Bancorp Inc. in Stillwater, Okla., has sold off roughly $300 million of problem loans in a move its chief executive said is a major step toward achieving its goal of sustained profitability.