Compliance

California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.

Visa has begun rolling out the Visa Token Service in the Asia Pacific region, starting with United Overseas Bank in Singapore.

Retail executives suffer from a false sense of security regarding how their employees follow procedures to keep payment data safe — especially at this time of year when companies hire seasonal help, yet provide those temporary employees with access to account information.

The first state inquiry into marketplace lending is seeking information from a broad mix of companies, including consumer lenders, small-business lenders, and firms that are not primarily in the lending business.

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending is more susceptible to terrorist financing. Yet experts said that the criticism directed at the industry appears unfounded. Here's why.

A modern version of the Depression-era law would not only make banks safer, but it would also reduce compliance costs and erase the need for certain capital mandates.

NCUA on Thursday said it has reached a settlement with Morgan Stanley, as the company agreed to pay $225 million to resolve claims arising from losses related to corporate credit unions’ purchases of faulty residential mortgage-backed securities (RMBS).

Despite strong calls for action, issue may languish until after the presidential election.

Reports that last week’s mass shooting in San Bernardino, Calif., may have been financed by a $28,500 loan from Prosper Marketplace have sparked a wave of scrutiny of online marketplace lending, where fraud rates are much higher than credit cards.

Despite getting off to what CUs likely consider a rocky start with the agency’s second attempt at RBC, industry observers say Matz came through on her promise of a ‘Year of Regulatory Relief.’