Retail & Commercial

Join the editors of American Banker and the industry's most influential policymakers, lawmakers and executives to discuss the issues that remain at the forefront of the regulatory landscape: CFPB, Volcker Rule, TAG, fair lending enforcement, Basel III and the impact the elections will have on financial institutions.

Wright Express Corp. continues to extend the reach of its virtual cards tied to travel, announcing today a partnership with the Australian operations of Webjet.com, an electronic manager and marketer of travel and related services.

PLYMOUTH, Minn. — NCUA announced this morning it has awarded the remnants of AM Community CU, a failed $135 million Kenosha, Wis., credit union, to TruStone Financial FCU under a purchase and assumption agreement.

While I'm sure some community bankers applauded Sandy Weill's recent call to break up our nation's largest banks, I, for one, did not.

BOK Financial's (BOKF) second-quarter earnings rose from a year earlier and surpassed expectations as fee revenue increased and credit quality continued to improve.

Shares in MasterCard (MA) fell 3.3% in pre-market trading Wednesday, to $422, after the firm posted second-quarter revenue of $1.82 billion, less than the $1.88 billion estimated by 29 analysts surveyed by Bloomberg.

MasterCard reported a 15% jump in second-quarter earnings this morning, standing in contrast to the loss Visa reported last week due to expenses both companies incurred in offering a multi-billion dollar antitrust settlement to a merchant class action.

The Small Business Lending Enhancement Act would let credit unions help small businesses and our economy without costing taxpayers a dime. Whether lifting the cap creates one job or 1,000, it would be a success.

U.S. payment-card industry rivals have decided to come together, at least for a few days, to better navigate the gargantuan task of migrating to the modern EMV chip-card standard by 2015.

Many small-business owners don't understand social media, and American Express Co. is making increasing efforts to instruct them in the best uses of such sites. A focus of Amex’s efforts is its forum on LinkedIn, where bird-supply vendor Mitch Rezman participates.