Organization Root Tag

Rep. Sean Duffy, R-Wis., and Sen. Mike Enzi, R-Wyo., drafted legislation that would set pay for CFPB employees in line with the federal government's pay scale known as the general schedule.

The Federal Reserve Board's vice chair of supervision said that digital currencies hold the potential for innovation but that the financial system's security and resiliency are more important.

Google was sued by a group of U.K. consumers over claims that the company improperly collected personal data from millions of users of Apple Inc.’s iPhone.

Mastercard Inc. will hire 470 people as the world’s second-largest payments network expands its technology hub in New York City.

Reform of the Community Reinvestment Act should seek to establish a minimum standard for the volume of CRA activities a bank must complete in its assessment area.

Digital currency jumps through $11,000 before falling below $9,500 in a volatile day of trading; bank faces growing regulatory scrutiny.

Venmo achieved its status by designing its interface like that of a social network. PayPal's version of that comes from Facebook.

Neither the acquirer processing the payment, nor relevant regulatory bodies ever know that these payments are actually for illicit goods, making transaction laundering particularly dangerous and far-reaching, writes Ron Teicher, CEO of EverCompliant.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

The financial services industry has cheered a proposed reduction in the corporate tax rate, but a lower rate could force Fannie Mae and Freddie Mac to write down assets, increasing the odds that the companies will need Treasury support.

With leadership of the Consumer Financial Protection Bureau resolved by a federal court, the banking industry is eager to find out what interim head Mick Mulvaney plans to do once he gets a handle on the agency, including whether he will delay pending new mortgage rules.

Brian Montgomery seems on his way to being confirmed to lead the Federal Housing Administration. But once he gets there, he may find it difficult to be as innovative as he was during his first stint as commissioner — particularly when it comes to reducing FHA premiums.

The grant monies will go to 12 credit unions in 17 different states.

Royal Bank of Canada showed it can defy expectations even while being more selective in lending.

Virtual assistants at banks in Israel, Canada and Hong Kong are getting smarter thanks to artificial intelligence.

A recent CU Journal article misses a crucial point about credit unions and distributed-ledger technology.

U.S. payments consultancy FIME has added Discover's payment application specification (D-PAS) accreditation to the Pulse ATM network, allowing it to provide guidance and support services on EMV chip technology for acquirers and issuers unfamiliar with D-PAS.

The $1.9 trillion-asset bank has been facing pressure to shake up a board that failed to head off a reputation-scarring scandal.

Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal.

With the wide-scale adoption of mobile phones, and the use of NFC and QR codes for payments, the card brands most likely see a threat to their business model and, in a defensive move against potential disruptors, are wisely embracing the spirit of mobile, writes Jeremy Gumbley, CTO at Creditcall.