Compliance

U.S. banks, already troubled to put in place the alliances necessary to operate in Asia and other parts of the world, have even more to worry about in light of investigators' allegations that North Korea played a role in the cyber attacks on Swift partner banks throughout Southeast Asia as well as the Bangladesh account at the New York Federal Reserve Bank.

ALEXANDRIA, Va. — The National Credit Union Administration announced Friday the appointment of Board Member J. Mark McWatters as liaison to the Defense Credit Union Council (DCUC).

Merchants are increasingly frustrated over how the EMV deployment has interfered with their legally guaranteed options for PIN debit transaction routing and authorization — and since the government gave merchants this right, the Merchant Advisory Group is appealing to the government to take a look at how things have played out.

Metsger moved to hold public board briefings—believed to be a first for the agency that has often been criticized for lack of transparency—and is speeding up the review of call reports and the exam cycle.

The National Credit Union Association announced Thursday a program to hear comments from credit union stakeholders called the Exam Flexibility Initiative.

Consumers, especially millennials, increasingly prefer to do everything on their mobile devices, including signing up for services. But as banks start to open accounts for people whom their employees have never met, there are plenty of questions about whether they can tell real customers and crooks apart.

Consumers, banks and merchants all want faster payments, but new technology only seems to be making the process slower.

The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUD's inspector general.

As a top Republican lawmaker nears the release of a plan aimed at rolling back and replacing the Dodd-Frank Act, bankers are being cautious about offering any support, fearing it may open the door to changes they oppose.

The compliance technology company Trace International has launched what it bills as the first global, commercial beneficial ownership registry.