Compliance

NCUA said on Friday it liquidated the Education Associations Federal Credit Union of Washington, D.C., making it the third federally-insured credit union to be closed thus far this year.

A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks.

CUs have long bemoaned the growth of the industry’s compliance burden, but up until now, those complaints were backed only be anecdotal evidence. A new study puts concrete metrics in play.

Despite generating an estimated $4.5 billion in revenue last year, the legal marijuana industry has yet to solve one of its biggest issues—the lack of reliable payments, banking and other financial services.

In the payments industry, tokenization is often portrayed as a new or futuristic security method, better suited for the world of mobile wallets than the era of magstripe cards. But SeatGeak decided early on to make it a cornerstone of its mobile commerce experience.

WASHINGTON — The House Financial Services Committee approved a bill this week that would increase the mobility of mortgage originators who take a new job across state lines or move from a federally regulated bank to a nonbank.

U.S. Attorney indicts Trevon Gross; charges him with accepting more than $150,000 in bribes from operators of unlawful bitcoin exchange.

Lenders are becoming more reluctant to share closing documents with real estate agents now that they have more responsibility for them, the National Association of Realtors claimed Thursday.

Wells Fargo and Tangerine Bank are among those trying new communications tools that bring human conversations back into the channels where people bank by swiping and tapping.

New requirements and guidance from the Payment Card Industry Security Standards Council will be released to merchants in April, which is about six months earlier than its normal update cycle.