Compliance

The settlement underscored how incentives and sales goals led employees to illegally open new accounts, transfer customer money to the accounts, and create PIN numbers and emails without customers' authorization, regulators said.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for examiners at financial institutions.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for bank examiners.

It was inevitable that someone would try to add up those extra seconds it takes to perform an EMV transaction, and when Cayan did it concluded that EMV is forcing U.S. consumers as a whole to spend years in extra time at the register.

It’s well known that blockchain technology decentralizes decision making and fosters decision by consensus.

Wells Fargo’s reputation as a consumer-friendly bank suffered a significant blow Thursday after it agreed to pay $190 million to settle charges that thousands of employees created unauthorized bank and credit card accounts for customers in order to collect bonuses for themselves.

CU trade groups have generally praised Jeb Hensarling's Financial Choice Act, though some analysts say it has little chance of becoming law.

The National Credit Union Administration announced a series meant to educate credit union board members on the “fundamental” concepts of strategic planning.

A new tool developed by the federal government may put the brakes on certain counterfeit card scams during the holidays, if law enforcement agencies can replicate the results of an initial test.

A rising number of banks are looking to become community development financial institutions, emboldened by low-cost capital and an exemption from the ability-to-repay rule.