Compliance

Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.

Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.

Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.

Banks frequently blame "the rules" in shunning partnerships with fintech startups. However, compliance can be a positive force, not something that inhibits growth.

WASHINGTON — The House on Thursday approved a spending bill that would change the structure of the Consumer Financial Protection Bureau and take away the Financial Stability Oversight Council's power to designate nonbanks as systemically important.

As the U.S. Supreme Court has agreed to consider a legal case on ATM fees, credit unions are bracing for impact.

Glendale Area Schools Federal Credit Union has converted to a state charter and will also be insured through American Share Insurance, the sole alternative provider of insurance for CUs, effectively removing it from NCUA’s purview.

Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.

Wendy’s Co., which reported a payment-card hack earlier this year, said that the breach affected about 18 percent of its U.S. locations.

It seems we cannot go a week without news of a malware attack of some kind, be it ransomware, stolen credit card information or other security breaches. The increasing trend is that not only are organizations and enterprises affected, but also regular consumers.