Compliance

New York's regulation of Bitcoin businesses is "still not perfect," a Circle Internet Financial executive says, but it didn't want to pull its services from the state as some have.

Bank executives and outside experts finger technology as the area most in need of improvement when it comes to vetting financial institutions' ability to withstand the next bit economic shock.

The Consumer Financial Protection Bureau (CFPB) announced it has appointed new consumer finance experts from outside the federal government to its Credit Union Advisory Council.

Just one hour after NCUA conserved Bethex FCU on Friday, the New York State Department of Financial Services on Friday took possession of $178 million Montauk Credit Union, and appointed NCUA as conservator.

NCUA on Friday placed Bronx, N.Y.-based Bethex Federal Credit Union into conservatorship.

Rep. Randy Neugebauer, R-Texas, a senior member of the House Financial Services Committee, said Thursday that he would not run for office in 2016.

Agency's apparent refusal to open issue up for discussion is targeted even more than the debate over the frequency of examinations.

EMV is being touted as the dawn of a new era in credit card fraud prevention. However, there are doubts it will make a significant difference.

Now 77% of federally insured institutions fall under new definition.

Representatives from both parties had tough words for the NCUA's new RBC proposal.