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CHICAGO–Credit unions know all too well just how difficult the war for talent is in an extremely tight labor market

Apparently, the smoke has not quite cleared.

DETROIT–Ally Financial is exiting the credit card business and instead will focus on point-of-sale lending, especially at medical offices.

BARTLETT, Tenn.—The $589-million First South Financial CU here has agreed to buy $138-million WinFirst Bank, located in Winchester, Ky.

SAN JOSE, Calif.—PayPal is launching Xoom, an international digital money transfer service, in the United Kingdom and 31 markets spanning Europe.

LONDON—Banks and financial institutions around the world are being targeted by a new email phishing campaign that uses an unusual technique as part of its attacks.

ALBANY, New York—The CFPB and New York Attorney General have filed settled with a debt collection group for violating the Consumer Financial Protection Act and Fair Debt Collection Practices Act, as well as New York laws related to collecting consumer debt.

ITHACA, N.Y. — A credit union here has launched a loan program for people undergoing gender transition.

ATLANTA–Delta Community Credit Union has welcomed its 400,000^th member and, fittingly, it’s a four-year-old girl.