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Bank of the Orient in San Francisco has received a federal cease-and-desist order because of shortcomings in its compliance with anti-money-laundering rules.
June 23 -
According to the agency's 2014 Annual Report, NCUA failed to meet all of its targets in some cases even losing ground for increasing the number of females, minorities and persons with disabilities at all levels of the organization, including management.
June 23 -
Trustwave researchers have discovered a vulnerability in RubyGems, a software distribution programming language that's used for many payment processes.
June 23 -
Cumbersome regulations for prepaid products proposed by the Consumer Financial Protection Bureau could reduce consumer-friendly market competition, discourage innovation and effectively cut off many Americans participation in the digital economy.
June 23
Network Branded Prepaid Card Association -
Bankers are banding together to combat cybercrime and Chris Feeney, new head of the Financial Services Roundtable's technology arm, wants to play a central role in keeping it a team effort.
June 22 -
The Canadian Senate Banking, Trade and Commerce committee has issued a report encouraging "a light regulatory touch almost a hands-off approach" to regulating digital currencies.
June 22 -
While regulators worldwide have urged banks not to "derisk" by cutting off entire industries or geographies, it is rare for policymakers to specifically cite this controversial sector as wrongly underserved.
June 19 -
WASHINGTON On the heels of the Consumer Financial Protection Bureau being forced to delay implementation of the new TILA/RESPA Integrated Disclosures (commonly referred to as TRID), CUNA says it has discovered a discrepancy relating to exemptions for small lenders.
June 19 -
The deal is the latest step by eBay to focus on its online marketplace as it restructures. The San Jose, Calif.-based company is scheduled to spin off its PayPal transactions business in the third quarter.
June 19 -
The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.
June 19
