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The Consumer Financial Protection Bureau lacks the authority to investigate how accredit ors approve for-profit colleges, according to a ruling Thursday by a federal judge.

Members of State Employees' CU, Raleigh, N.C., renewed the SECU Foundation's "People Helping People" high school and community college scholarship programs. Both programs represent the allocation of over $4 million in scholarships annually.

There's plenty of criticism of the U.S. chip card migration, including its pace, the pressure on merchants to upgrade and the lingering confusion over how to use the cards. But Visa painted a more bullish picture of the migration.

Muriel Siebert once said each woman has to fight a different fight for the greater progress of women. Putting a woman on the new $20 bill is surely progress, but it's also controversial. And there is still a tremendous gap with female bank CEOs, as well as architects and venture capitalists. Also, Sheila Bair and U.K. regulators talk about how to "fix" the financial system and why it doesn't necessarily require more work on the regulatory front.

Feds Limit Bank Pay, CFPB to Curb Arbitration Clauses

SunTrust Banks in Atlanta increased reserves for downgraded energy loans in the first quarter, but it was still able to produce solid revenue and earnings growth.

A federal district judge ruled that the Consumer Financial Protection Bureau has no power to investigate the Accrediting Council for Independent Colleges and Schools, an embattled accreditor of for-profit colleges. The ruling marks the first time a court has said the bureau had no jurisdiction and overreached its statutory authority.

Most modern mobile wallets didn't start out in their current form. Some didn't even start out as mobile apps.

A federal district judge ruled that the Consumer Financial Protection Bureau has no power to investigate the Accrediting Council for Independent Colleges and Schools, an embattled accreditor of for-profit colleges. The ruling marks the first time a court has said the bureau had no jurisdiction and overreached its statutory authority.

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.