Compliance

Wells Fargo Chief Executive John Stumpf may get a third grilling by lawmakers over the fake-accounts scandal that continues to embroil the San Francisco bank.

Washington halts a move to update its 15-year-old MBL rule while the federal regulation undergoes a legal challenge

The Federal Reserve said Tuesday that 19 private-sector proposals are now under review by nearly 500 members of two separate task forces, one of which was established to chart a path toward a faster payment system, and the other focused on payment system security.

Information security, internal controls, workforce planning and building renovations are priorities that the Consumer Financial Protection Bureau should quickly address, its inspector general said last week.

Mastercard is introducing Identity Check Mobile, the app that allows customers to verify their identity using a fingerprint scanner or by snapping a selfie, to 12 European markets.

Google is placing more emphasis on hardware and voice-controlled assistance, and its payment technology is coming along for the ride. Here's a look at Google's history in mobile payments—what worked, and what got cut over time.

Visa Inc., MasterCard Inc. and American Express Co. lost an early round of a lawsuit alleging they colluded to pin liability for fraudulent transactions on merchants who didn’t meet a chip-reading technology deadline.

The former secretary of state used the Wells enforcement action to call for tougher standards on Wall Street, restraints on the use of forced arbitration clauses and continued defense of the Consumer Financial Protection Bureau.

The two trade associations have partnered to fight the Independent Community Bankers of America, and some analysts say this could just be the beginning of new legal challenges from bankers related to high-stakes regulatory reform at NCUA.

New monthly reporting from CUNA Mutual Group and NAFCU shows that while membership and lending gains remain strong and steady, credit unions should expect compliance costs to continue to increase as more regulatory experts are needed at credit unions.