Fintech

Lafayette Federal Credit Union, a $391-million institution based in Kensington, Md., said it plans to merge CSC Employees Federal Credit Union, a $77-million institution based in Falls Church, Va. into Lafayette FCU.

Rep. Paul Ryan’s expected election as House Speaker this week may ultimately prove a boon for the financial services industry – especially for critics of the Dodd-Frank Act and the current mortgage finance system.

The alliance between JPMorgan Chase and the Merchant Customer Exchange represents more than an olive branch between two industries that have typically been at war over fee revenue — it's a result of a years-long transformation in how Chase approaches its relationships with the retail sector.

Most mobile wallets clearly favor one industry over another, with banks and retailers often pitted against each other in a battle over payment card fees. JPMorgan Chase just made a stunning move by conceding some of this ground to the benefit of the Merchant Customer Exchange.

Guardian Credit Union in West Milwaukee, Wis., has formed a partnership with five colleges to offer a tuition discount program.

The bank owners of the clearXchange payments network and the Early Warning risk management service hope that by combining the two programs, they can remain in control of technologies that will become core to mobile commerce.

Credit unions based in some of the slowest- and fastest-growing markets share the strategies they’re using to make the most of the environments in which they’re operating.

United Services Automobile Association, which serves members of the U.S. military and their families, told customers it’s dropping its partnership with MasterCard Inc. in favor of Visa Inc.

USAA told customers it's dropping its partnership with MasterCard in favor of Visa.

Consumer Financial Protection Bureau Director Richard Cordray issued a public rebuke of RushCard on Friday, warning that it must rapidly fix technical glitches that have left customers locked out of their accounts.