Compliance

The agency's Semiannual Risk Perspective pinpointed compliance and operational risk as potential problems for big banks while it outlined a different set of challenges for midsize and community banks.

A new version of Point-to-Point Encryption (P2PE) guidelines to be published by the PCI Council today will allow retailers—for the first time—to be able to create and seek certification for their own P2PE system, addressing a longstanding retailer concern about the earlier rules locking them into certain vendor relationships.

NCUA has banned four individuals from working for a federally insured financial institution.

The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it's not a shield from possible enforcement action by the Department of Justice and other regulators.

Meta Financial Group in Sioux Falls, S.D., parent of MetaBank and Meta Payment Systems, is raising capital to fuel a future acquisition, and has renewed a significant prepaid card issuing relationship with NetSpend.

Alabama One CU file suit against the state regulator and other state officials alleging a conspiracy against the $613 million credit union.

One key test of banks' latest living will submissions, the first batch of which are due Wednesday, is whether the public portions of their plan are understandable to the public. If they aren't, regulators are ready to take tough action against institutions.

Payment technology provider Cayan says it has become one of fewer than 20 American companies to earn Level 2 EMV certification from standards governing body EMVCo.

Western Union says it will suspend money transfer services in Greece as the country deals with the government's decision to shut down all banks and the stock market for six business days.

Though the bulk of NCUA Debbie Matz's speech was scripted at NAFCU's annual conference, there were a few surprises.