The Latest

Credit union regulators from 30 jurisdictions around the world have registered an independent association called the International Credit Union Regulators' Network.

The board of directors at Lake Charles, La.-based Southwest Louisiana Credit Union has selected Ronaldo Hardy as the credit union’s next president and chief executive officer, effective October 3.

Virtual currency advocates are hoping a recent surge of support in Congress can help them accomplish a long-sought goal of creating a safe-harbor for companies that do not directly hold customers' funds.

Alipay got its start in 2004 as a way for the customers of Alibaba Group Holding Ltd. to more easily buy goods online. Now the business’s parent company may be worth $75 billion, or more than Goldman Sachs Group Inc.

Democratic presidential candidate Hillary Clinton released an open letter to Wells Fargo customers Tuesday in which she called the phony account openings "deeply disturbing," defended the Consumer Financial Protection Bureau and demanded that individual executives be held accountable.

Streamlining quarterly reporting is part of NCUA Chairman Rick Metsger's ongoing efforts at "Continual Quality Improvement," but trade associations say the regulator should go further.

The Bancorp in Wilmington, Del., has agreed to sell a portfolio of health savings accounts to UMB Financial in Kansas City, Mo. The portfolio has about 40,000 accounts with $76 million in deposits and investment assets.

Amalgamated Bank in New York has pledged to take operational steps to address global warming.

A top CFPB official said Monday that lenders have adjusted their business models and practices to comply with new rules, while MBA CEO David Stevens called on the Federal Housing Administration to clarify its underwriting standards.

Compensation rules mandated by Dodd-Frank are a potential tool to make executives accountable for misconduct like the Wells Fargo scandal, if regulators are willing to use it.