Compliance

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.

Atlanta-based bitcoin payment processor BitPay has suffered a phishing attack costing the company $1.8 million.

Lawmakers from both sides of the aisle lines up to speak at the CU event, and what they had to say demonstrated why financial regulatory reform efforts have stalled.

A Federal Reserve decision is expected soon on M&T's long-delayed application to buy Hudson City Bancorp. M&T would still get strategic benefits it sought, but Hudson City has shrunk and become less profitable since it agreed to sell three years ago, and the cost of the deal has risen.