Compliance

NEW ORLEANS — Most people, if they thought about it, would admit the way digital identity is managed in the U.S. is suboptimal. Those truly in the know find much stronger words.

Discover is offering its version of Quick Chip for merchants to speed up the EMV chip card checkout process at the point of sale.

One of the first items on a company’s wish list is a request to make compliance easier. So, why do so many organizations make compliance more expensive and complicated than it needs to be — all on their own?

Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.

Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Republicans in the House of Representatives blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against credit unions and banks dealing with legal marijuana businesses.

WASHINGTON — Marijuana businesses and banks looking to open their doors to the potentially lucrative clients suffered a blow Wednesday after House Republicans blocked an amendment that would have prevented federal regulators from pursuing enforcement actions against banks dealing with the businesses in states with legalized pot.

American Express has joined Visa and MasterCard in adjusting chargeback policies for merchants that have not yet migrated to chip card payments.

Retailers both online and off have noted an increase in chargebacks since the U.S. moved to microchip cards back in October. None of them are happy about it.

A quarter of African-American, Asian and female employees of the Consumer Financial Protection Bureau experienced discrimination at the agency, according to a survey as part of a new Government Accountability Office report.