Fintech

Consumer credit is better than ever before, even as Americans households have started levering up. But the big question for banks looking to re-commit to consumer lending is how.

Lafayette Federal Credit Union, Kensington, Md., on Tuesday said it completed the acquisition of $77 million CSC Employees Federal Credit Union of Falls Church, Va., which will continue as a division of LFCU.

DFCU Financial, a $3.9-billion-asset credit union based in Dearborn, just outside of Detroit, announced it has returned half of its 2015 income – amounting to some $25-million – back to 100,000 of its members through its “Cash Back” annual loyalty reward program.

TruStone Financial Federal Credit Union in Plymouth, Minn., has merged with Wisconsin-based Southshore Credit Union of Cudahy and First Credit Union of Oak Creek.

Peach State Federal Credit Union, a $301-million institution based in Lawrenceville, Ga., announced it has introduced a new website that is designed to provide visitors with an “improved online experience.”

From fairly humble beginnings three years ago with the low-fee Bluebird prepaid Amex card and the Serve platform, Walmart has gotten more and more aggressive — and welcoming — with payments innovation.

Glacier Restaurants, having examined the wide array of choices to tap mobile technology, has concluded that the best entry-level mobile transaction is the digital gift card.

As debt collection abuse cases rise in prominence and regulators ponder new rules, it's time to give the idea of a national debt registry a closer look.

Hanscom Federal Credit Union announced that it will pay out a “loyalty dividend” to members that will return 2% of most consumer loan finance charges as well as 2% on dividends earned on savings.

Menominee County Federal Credit Union said it will change its name to Integra First Federal Credit Union, effective Friday.