The Latest

A Senate confirmation hearing for Todd Harper and Rodney Hood focused on a recent scandal at the National Credit Union Administration, a controversial appraisal rule, regulatory consistency and more.

The company has appointed President Gaye Erkan to its board of directors, potentially positioning her to replace longtime CEO James Herbert when he eventually retires.

The National Credit Union Administration board was also briefed on a final interagency rule regarding private flood insurance during its regular monthly meeting.

Criticism of the National Credit Union Administration is unwarranted given the myriad of abuses banks commit.

Ant Financial, the Chinese payments company that operates Alipay, has a scale that’s almost unimaginable to a U.S. audience. But the giant's ability to build a true empire has already run into regulatory trouble in the U.S.—and it’s affecting Ant's strategy worldwide.

JPM Coin is not meant for consumer payments, but rather is a specific technology for a specific use case that the bank controls. Its value comes not from JPM Coin's appeal, but from JPMorgan's titanic wholesale payments business.

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

Wymar Federal Credit Union in Louisiana has also distributed a bonus to members.

Rep. Blaine Luetkemeyer, R-Mo., told the mortgage giants' chief federal regulator that the Financial Accounting Standards Board’s new model for estimating loan losses could pose risk across the mortgage market.

The Credit Union National Association and several institutions sued the fast food business after a data breach in 2016.