Banking

Michael Cleary, Santander's head of consumer and business banking, and Robert Rubino, a former executive vice president at Citizens Financial Group, will share duties while overseeing their own business units.

Even with card defaults ticking up slightly, regional banks remain committed to pursuing more credit card business as they look to both diversify their balance sheets and deepen relationships with customers.

Executives at four former credit repair companies agree to pay $2 million for charging consumers millions in illegal advance fees.

With this latest batch of new contracts, the credit union service organization now counts 23 of the 25 largest CUs as clients.

Barclays, Goldman Sachs, HSBC and Morgan Stanley are backing a shared vendor risk management platform. The tough part will be agreeing on a final product.

Mexico's decision to reduce imports of soybean meal, corn and chicken has put more pressure on certain farmers, while creating another situation for lenders to monitor.

Advocacy, enchantment and evangelism were on the bill as the trade group welcomed credit unions to Sin City for its annual conference.

Visa Inc. is buying a stake in Swedish payments technology firm Klarna AB and forming a strategic partnership, as both companies aim to expand outside their core markets.

The Georgia bank will pay $124 million for Four Oaks Fincorp, buying a bank with a large operation in Raleigh, N.C.

Cash machine makers are working to make them work with, not against, smartphones; prices of digital currencies crashed on Monday, possibly sparked by a hoax that an Ethereum co-founder had died.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Apple squeezes location-based marketing; Swiss company pilots crypto wallet; Church of England tests mobile payments; The cost of AML.

Dr. Dan Geller, behavioral economist and author of "Money Anxiety," explains why Americans are more stressed about money than ever before and how fear affects their decisions about financial products and banks.

Alice Frazier had been chief operating officer at Cardinal Financial, which was bought earlier this year by United Bankshares.

Sponsoring securitizations of the loans funded on its platform will give LendingClub more control over its reputation in the market and make it less beholden to direct loan buyers.

A federal appeals court is scheduled to hear oral arguments in August in a decade-old case against the San Francisco bank that could cost it hundreds of millions in penalties and restitution.

Celebrating anniversaries, honoring veterans, helping out in the classroom and other ways credit unions are giving back to the communities they serve.

The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.

The $201 million-asset CU has seen delinquencies rise from just $1.2 million at the end of 2015 to nearly $11 million at the end of March 2017.

The $2.6 billion-asset parent of TBK Bank is acquiring nine branches from Independent Bank Group.

Banks are making it easier to log in, adding expense trackers and simplifying payments as they try to get corporate clients to use mobile more.