Compliance

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

A rule set to go into effect Dec. 1 would have made millions more Americans eligible for overtime pay, but many CU advocates opposed the rule out of a belief that it would increase the regulatory burden.

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

If President-elect Donald Trump selects House Financial Services Committee Chairman Jeb Hensarling as his Treasury Secretary, it would be a clear sign that he intends to embrace a more traditional Republican agenda when it comes to financial services issues.

Visa Inc. has clarified its position on EMV debit card routing to address growing concern among merchants that the card brand's rules were forcing those transactions onto the Visa network rather than allowing merchants to choose among less expensive options.

Employees at the Treasury Department’s Office of Financial Research have raised concerns about racial discrimination and dysfunction at the agency, according to internal documents and videos posted online.

Mobile apps that allow consumers to control their payment cards are becoming more popular as banks use payment security as a way to build customer relationships.

The Credit Union National Association and the National Association of Federal Credit Unions have jointly filed an amicus brief supporting the NCUA's motion to dismiss the lawsuit recently filed by the Independent Community Bankers of America challenging the agency's authority to issue its latest member business lending rule.

A full year into the EMV migration, crooks are expected to be even more aggressive about attacking soft spots in online and mobile transactions.