Compliance

WASHINGTON — Community banks and credit unions would be forced to stop making short-term, small dollar loans if the Consumer Financial Protection Bureau's payday lending proposal is adopted, two trade groups said Monday.

WASHINGTON — Community banks and credit unions would be forced to stop making short-term, small dollar loans if the Consumer Financial Protection Bureau's payday lending proposal is adopted, two trade groups said Monday.

In a setback for the U.S. consumer finance industry, the Supreme Court said Monday that it will not review a lower court's decision that bolstered the ability of states to enforce bans on high-cost lending.

WASHINGTON – More than fifty state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.

The recently rebranded California International Bank has stiffed the government on 30 dividend payments and has spurned a request to let Treasury officials observe its board meetings. There is some optimism; a Vietnamese businessman was approved to take over control after injecting $4.5 million in capital into the bank.

The sheer volume of data that collected by Internet-connected "things" — cars, homes, wearable devices, and yes, refrigerators — could help deepen banks' relationships with customers. But it also adds more avenues for security breaches and raises privacy concerns.

London has been a magnet for technology startups, buoyed by a favorable regulatory environment and proximity to many of the world's largest financial institutions.

Between the small number of CUs bumping up against the member business lending cap and NCUA’s recent overhaul of the MBL rule, should credit unions continue to fight to raise or remove the cap?

Eligible credit unions have until June 30 to apply for grant assistance through the National Credit Union Administration's Community Development Revolving Loan Fund, the regulator said Thursday.

Bank of America admitted to wrongdoing in settling a U.S. regulator's allegations that it misused billions of dollars in customer funds to finance trades that benefited the firm.