Visa announced a change at the top on Wednesday, revealing that chief executive Joseph Saunders will step down and hand over the reins to former JPMorgan Chase and Citigroup executive, CharlesScharf.
Cutler and the New York company's retail-banking chief, Charles W. Scharf, bank officials told Mr. McCollum that the company has addressed procedural snarls related to foreclosures in Florida, people who attended the meeting said.