Compliance

NCUA on Friday liquidated Bethex Federal Credit Union, based here, exactly three months after the regulator placed the troubled CU into conservatorship.

WASHINGTON — The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.

YUMA, Ariz. — A.E.A. Federal Credit Union, based here, once again is under the control of its members after five years of conservatorship, NCUA said Friday.

The agency's Fraud Prevention Center, which is also designed for mobile use, provides information on types of frauds or scams; what to do, in the event of being a victim of fraud or identity theft; how to stay safe online; and how to contact NCUA partners for assistance.

The Payment Card Industry Security Standards Council has added two years to its deadline for organizations involved in payment processing to upgrade to a more secure Web protocol.

Small to large retail vendors are constantly aspiring to improve customer experience, resulting in more friendly point of sale (POS) interactions.

Moven will soon prompt its customers for usernames and passwords only for riskier transactions. By removing the login for most functions, the company aims to drive engagement in an app meant to be used on the go.

WASHINGTON — The Office of the Comptroller of the Currency released details Thursday of a proposal that would require large banks to submit a "recovery plan" for how they would survive a crisis.

Though happy with some of the changes the agency made to its final IOLTA rule, CUNA and NAFCU cited areas where the regulator could have done more to improve the landscape for CUs.

Sen. Bob Corker championed a provision he added to the budget bill that would temporarily prevent the Treasury Department from recapitalizing Fannie Mae and Freddie Mac and discussed other banking priorities in a sit-down interview with CU Journal affiliate American Banker.