Fintech

The number of consumers being pursued by debt-collection agencies fell dramatically in the past year, but it's as much technicality as achievement, and bankers need to keep that in mind when reviewing the credit scores of millions of Americans.

Two years after Citi launched more than 7 million contactless-enabled Costco credit cards in the U.S., Costco has finally enabled tap and pay at its U.S. stores.

Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities.

The card issuer Synchrony will continue to manage three cards for the national hardware chain. The timing is good as Synchrony recently lost a deal issuing cards for Walmart.

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles.

The Georgia Bulldogs football coach appears in a new commercial for Georgia United Credit Union, part of a five-year partnership between UGA athletics and the credit union.

Anand Selva, a longtime Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans, such as former Citi CEO Vikram Pandit.

Judges say a CashCall loan may have fit the state’s definition of an “unconscionable” interest rate.

Whether through time, money, service or other means, credit unions are finding a variety of ways to give back to their communtiies.

Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand.