Compliance

Citigroup is facing $770 million in charges after two federal regulators said the megabank engaged in deceptive marketing and unfair billing practices related to its credit card add-on products.

The White House announced Monday that it will nominate University of Michigan economics and public policy professor Kathryn Dominguez to fill the final open seat on the Federal Reserve Board.

Five years after the Dodd-Frank Act was signed into law by President Obama, it remains as controversial as when it was enacted. While partisans may debate whether the changes are good or bad, there is no doubt they’ve had a sizable impact. Following are the biggest ways the system has changed.

Despite the doomsday predictions for banks and acquirers five years ago, the Durbin amendment hasn’t dramatically shaken up the business models of the payments industry.

Ashley Madison, an online extramarital dating service that claims to protect users’ privacy and security, has had its customer database compromised.

Ashley Madison, an online extramarital dating service that claims to protect users' privacy and security, has had its customer database compromised.

Teachers Credit Union, based here, has completed the purchase and assumption of Lakeside FCU of Hammond, Ind., NCUA announced Friday.

NCUA liquidated Lakeside Federal Credit Union late Thursday afternoon.

The regulatory landscape has become far more complex for acquirers and independent sales organizations, mainly because federal agencies are showing more interest in the various layers of the payments ecosystem.

The Consumer Financial Protection Bureau released a monthly snapshot of its complaint database, the first of what will be a series of regular reports that dig into the trove of data it collects.