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Poor recordkeeping and unsafe loan practices are among the conditions that officials of Kappa Alpha Psi Federal Credit Union agreed to improve in a letter of understanding and agreement with the NCUA.

The primary cause of the failure of Center Valley FCU was the embezzlement of millions of dollars by the former CEO to fund her family's restaurant and the purchase of luxury vehicles.

Consumers continue to feel more confident but are still weary.

Fiserv Inc. said its CheckFree RXP online bill pay service has partnered with MoneyGram International to allow integrated same-day payments to more than 100 national and regional companies through financial institution websites.

The Senate could vote again as early as today to attempt to begin consideration of a regulatory overhaul bill.

In a move which may turn out to be controversial with some retailers, Visa announced today that it is clamping down on a retail policy that it said sometimes hurts consumers.