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The city and the nonprofit Operation HOPE will offer $100 to kids from low-income households, with banks playing an assisting role. “Once you own some stock, once you have an account, now you're watching that grow and you’re a participant in the” financial system, said John Hope Bryant, the nonprofit's founder and CEO.

May 8-10, 2023 | San Diego, CA
PAYMENTS FORUM, formally known as CARD FORUM, returns with a comprehensive program that addresses all aspects of the payments community. From fintechs and payment technologies to contactless trends and mobility as a service, this is where leaders get the information they need to increase spend, develop new products and keep their cards top-of-wallet
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The $129 million deal for Rahway-based RSI would give Columbia a stronger presence in Union and Middlesex counties.

Cornerstone Community Financial Credit Union in Auburn Hills received approval from state regulators to enter new markets in its home state and in Ohio.

The combination is a bid to offer members expanded access to financial services and a larger network of locations.

Charlie Watts was most recently chief financial officer for Colorado Credit Union, a role he held for the past eight years.

Chryssa Halley, who has been with the company since 2006, was named CFO and Jim Holmberg was named controller.

More financial companies across the Continent are joining a cross-border payment system designed to fight the rising threat from Visa and Mastercard.

Fiserv, FIS, Jack Henry and Finastra, the top U.S. core banking software providers, are stepping up efforts to let banks plug innovative technology from younger fintechs into their legacy systems.

HSBC Holdings, Credit Suisse Group,  Barclays and Royal Bank of Scotland Group were fined 344 million euros ($390 million) by the European Commission for their involvement in a foreign-exchange price fixing cartel. 

The commissioner of the Tennessee Department of Financial Institutions said Orion Federal Credit Union's deal for Financial Federal Bank violates the Tennessee Banking Act.

Canadian Imperial Bank of Commerce is having a harder time keeping costs in check as inflation picks up and the lender invests in its domestic consumer franchise.

The new omicron strain is prompting more financial institutions to extend mask mandates in the workplace and remote work schedules.

Toronto-Dominion Bank’s Canadian operation is getting a boost from a rebound in consumer spending and the continued strength of the country’s housing market. The company’s U.S. retail operations haven’t gained the same momentum as the Canadian division.

Daily edition for December 02, 2021

Formerly incarcerated people have long faced barriers to entering the mainstream financial system. Banks such as Old National and Bank of Hawaii are taking steps to help them, but the industry can do more, according to a new white paper from the American Bankers Association Foundation.

The company, which will keep the Square brand for its card readers, also supports music, cash transfers, Bitcoin trading and other financial services.

The agreement resolves a lawsuit over consumer loans that had annual percentage rates as high as 198%. Chicago-based OppFi denied allegations that it engaged in unfair lending practices.

Reps. Rashida Tlaib and Alexandria Ocasio-Cortez called on Treasury Secretary Janet Yellen and Fed Chair Jerome Powell to be more aggressive in using their oversight of the financial system to combat risks associated with a warming planet. Recent recommendations from the Financial Stability Oversight Council do not go far enough, they said.