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BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

The agency said it plans to make its cost-benefit process “more structured” and incorporate “a number of analytical practices identified in standard references.”

Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1.

The agency announced changes meant to reduce compliance costs and allow some institutions to provide estimates rather than disclose exact prices for international money transfers.

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

Negative benchmark interest rates are becoming commonplace in Europe and Japan. Here’s what US credit unions need to know in case that happens here.

Concerns over surviving another recession coupled with issues such as keeping up with technology could cause more credit unions to find partners.

Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.

The National Credit Union Administration barred a half-dozen people from participating in the affairs of any federally insured financial institution following charges of theft, fraud and other offenses.

The chairman of the National Credit Union Administration will have to answer lawmakers' questions about his political activities, while comments on various agency proposals are also due this week.