Compliance

Consumer Financial Protection Bureau faced hostile questions during oral arguments before a federal appeals court Tuesday as it sought to argue the constitutionality of its single-director structure.

Trade groups for credit unions and small banks breathed a sigh of relief last week after a panel unveiled updates to the latest version of the Financial Accounting Standards Board's controversial Current Expected Credit Loss standard.

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.

A former Federal Deposit Insurance Corp. employee took off with data on some 44,000 customers of closed banks when she left the agency in late February, according to an agency memo uncovered by The Washington Post.

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

The National Credit Union Administration on Monday said it received $575 million as its part of a $5 billion settlement with Goldman Sachs.

Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.

A federal appeals court has set the stage for yet another legal showdown over the Consumer Financial Protection Bureau's structure in a major test of the bureau’s authority.

Could blockchain be the backbone of a universal digital identity system?

The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.