Americas

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

Investors seem to be betting that a long-rumored sale of the Dallas company is on hold now that it has named a new CEO, but analysts say it remains an attractive takeover target for a larger regional bank.

The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions.

SmartFinancial lined up a compelling merger with Entegra. Then a bigger bank offered more money and a higher premium.

Members of Bard Employees Federal Credit Union approved the merger into Baxter Credit Union earlier this month.

Urbana Postal Credit Union is the latest in a string of closures and rebrandings as CUs chartered to serve post office employees attempt to stay relevant.

The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.

The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.

Silicon Valley, New York, London and several of China’s largest cities are the world’s leading fintech hubs, but many other locales are gunning for their crown.

Entegra Financial, which had a deal to be sold to SmartFinancial, has instead agreed to be sold to First Citizens, which offered more money and will pay a breakup fee for the initial deal.