Compliance

Due diligence in the sometimes shadowy universe of digital money often means trying to unscrew the inscrutable.

The NCUA board is considering adding as many as two additional payday alternative loan options for credit unions, and regulators have clarified a rule on severance claims after involuntary credit union liquidations.

New European Union privacy rules could serve as a guide for U.S. banks.

At the 2018 CUNA CFO Council conference, an NCUA staffer offered examples of how the regulator aims to improve the exam process and make it easier for credit unions to do business.

The Senate bill is a huge win for the financial services industry, but there are still plenty of unresolved legislative issues of interest to banks and credit unions.

The Justice Department announced this month that it would seek to reduce duplicative penalties against banks, although more reforms are needed to rein in other agencies.

Visa Canada plans to offer real-time B2B and B2C disbursements via its Visa Direct card-to-card transfer service, competing head-on with Canada's Interac network and a product Mastercard launched in the country earlier this year.

The Senate bill is a huge win for the banking industry, but there are still plenty of unresolved legislative issues of interest to financial institutions.

A first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State.

Lawmakers can finally deliver long-promised regulatory relief if the House passes S. 2155 this week – the added benefit being that it will improve the lending process for credit unions and consumers alike.