Compliance

While European banks worry about losing revenue because of the new Payment Services Directive (PSD2) requirement for opening up access to application program interfaces (APIs), they will benefit from the coming marketplace of premium APIs.

A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — believed to have originated in China — is reportedly the subject of an FBI investigation.

The Department of Justice is criticizing an appeals court ruling striking down the Consumer Financial Protection Bureau's single-director structure, saying the decision overstepped Supreme Court precedent.

The Community Home Lenders Association is urging the incoming Trump administration to help recapitalize Fannie Mae and Freddie Mac by stopping, at least temporarily, the quarterly profit sweeps that go into the U.S. Treasury.

Opposition is lining up against the Consumer Financial Protection Bureau’s arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect. Some attorneys think the arbitration rule-making is already dead on arrival.

WASHINGTON – Senate Democrats are keeping up the pressure on Wells Fargo’s board to answer questions about the fake account scandal.

At a time when individual accountability at corporations is mounting, here is how compliance officers can detect and prevent fraud occurrences within their own firms.

The decision to rewrite the regulation came two days after a hearing in which New York bankers unleashed a litany of complaints about the regulation to Empire State lawmakers.

The Consumer Financial Protection Bureau is facing renewed pressure by consumer groups and think tanks to move forward with a plan that would rein in overdraft programs.

Democrats are shuffling the deck chairs of the Senate Banking Committee and will have an additional seat on the panel when the 115th Congress convenes in January.