Fintech

Credit card networks and issuers have done a poor job in explaining the implications of the just-passed Oct. 1 deadline for moving to EMV chip-and-PIN cards, leaving many small businesses confused, lawmakers said Wednesday during a hearing on Capitol Hill.

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

When Cumberland Farms said this month that it had processed $1 billion worth of gas via its decoupled debit card over the course of nearly three years, it was the latest example of the power of the decoupled debit card. And yet, other than Target's RED card, decoupled debit has barely moved beyond the convenience and petroleum segment.

Banks say the Consumer Financial Protection Bureau plan to ban arbitration clauses for individual claims will aid trial lawyers, while consumer advocates say the move is overdue and may not go far enough.

Heritage Trust opens two student-run branches and other great things credit unions are doing in their communities.

The proposed merger of $102 million United Health Services Credit Union into $716 Horizon Credit Union received 89% member approval.

The member credit unions of both the Kansas Credit Union Association and Missouri CU Association on Tuesday voted to unite to form a new entity to be known as Heartland Credit Union Association and Shared Financial Solutions.

The Consumer Financial Protection Bureau's impending proposal, to be reviewed by a small business advisory panel, would block companies from using arbitration clauses to avoid class actions but allow them for individuals.

As its merger with Houghton Mifflin Harcourt Employees FCU closed on Oct. 1, Hanscom FCU gained more than 1,000 new members.

Bank of Nova Scotia's online platform will introduce its first credit card Tuesday, according to people with knowledge of the matter.