Compliance

The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained.

To counter the rising rate of e-commerce fraud, U.K.-based myPINpad plans to provide a virtual PIN pad for mobile-generated online transactions through the VocaLink network for the next five years.

Banks give a lot of reasons for providing chip cards that work with signatures, rather than four-digit PIN codes, but none of them are convincing.

The goal of adopting chip cards — to provide tighter security — is a noble one. But by going partway, authorizing transactions with signatures rather than four-digit codes, banks are watering down that security, at least for lost and stolen cards.

The National Credit Union Administration issued a comprehensive report Monday defending the agency's risk-based capital rule and urging lawmakers to make several legislative changes.

New Hampshire Congressman Frank Guinta welcomed more than 30 credit union officials at America's Credit Union Museum on Friday for a roundtable discussion that featured NCUA Chairman Debbie Matz.

At long last, the National Retail Federation has won the support of several U.S. attorneys general in its demand for chip and PIN security at the point of sale. But even this isn't enough.

One month after being placed into conservatorship by NCUA, tiny Helping Other People Excel Federal Credit Union, which had been embroiled in a Bitcoin money laundering scheme, was liquidated by the regulator.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

Banks and credit card companies could find themselves on the losing end if the daily fantasy sports companies DraftKings and FanDuel are deemed to have been running illegal gambling operations in the state of New York.