Compliance

Changing the rules in the middle of the game. Rescuing the investors who took big risks at the expense of those who behaved prudently. Undermining the credibility of the system.

As sexy as decentralized systems and automation are these days, human involvement is still necessary in many areas.

Lenders grudgingly embraced some changes in FASB's new loan-loss accounting requirements, and they get more than three years to comply, but a number of implementation pitfalls still lie ahead.

Lenders grudgingly embraced some changes in FASB's new loan-loss accounting requirements, and they get more than three years to comply, but a number of implementation pitfalls still lie ahead.

The National Credit Union Administration announced Friday that Texans Credit Union, a $1.5-billion institution based in Richardson, Texas, has emerged from conservatorship and is once again under the control and direction of its members.

In its second "Board Briefing" since Chairman Rick Metsger introduced the practice, officials outlined their plans to add an "S" – for interest rate sensitivity – to the regulator’s existing "CAMEL" examination rating system.

NAFCU opposes proposal to increase the National Credit Union Administration's Board to five members, while CUNA supports the idea. Other industry insiders note potential increased costs to regulator's staffing budget but potential benefits too.

The answer may be no, according to federal regulators. Their new guidelines on mobile security include other surprises, too, such as specific requirements tied to geolocation, security tests and cross-site scripting.

Visa is acknowledging a merchant EMV migration logjam by loosening fraud chargeback policies and enabling faster chip card certifications for merchants.

Despite some early success, it can’t be ignored that there are still many merchants that cannot accept EMV chip cards.