The payments processor Galileo suffered what it described as an "operational incident" that caused more than 24 hours of outages at the fintechs Chime and Varo Money.

The Senate Banking Committee chairman said he wants to revise legislation enabling banks to serve marijuana businesses to ensure it does not benefit vaping providers that have sparked safety concerns.

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.

The fintech provides API support to Chime, Varo Money and other challenger banks.

Employee programs need to embrace a wide range of groups including women, minorities and the LGBTQ community.

In celebration of International Credit Union Day, CU Journal presents its 22nd annual photo essay showcasing "the credit union difference" in action.

From increased cellphone usage to shifts in consumer expectations, two longtime executives look back on how the day-to-day business of running an institution has changed in recent decades.

Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries.

Grasshopper Bank and Mercury are each targeting customers that face limited options in the market.

The accounting board delayed implementation for the majority of banks and credit unions until 2023.

The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits.

The deal will create a nearly $500 million-asset bank.

The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy.

They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety.

Vocalink beat out four other competing bids to secure a 10-year contract to provide real-time switching and settlements for U.K. ATM operator Link Scheme.

Northern California utility company PG&E recently shut off power to more than 2 million consumers, meaning some insitutions had to move quickly to minimize the outages' impact on operations.

The application for Riverside Bank of Dublin comes just six months after another group opened a bank in a nearby market.

The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.

Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators.

The acquisition of Farmers & Merchants Bank created a bank with more than $200 million in assets.