Compliance

The two main credit union trade groups, normally in lockstep on most issues, are split in their reactions to proposed legislation in Congress that calls for a delay to study NCUA's proposed risk-based capital rule.

Six banks including JPMorgan Chase and Wells Fargo have been placed under further business restrictions after the Office of the Comptroller of the Currency determined they had yet to fully meet regulatory orders related to the independent foreclosure review which began in 2011.

Traditional non-bank payment providers have elected several unconventional names to represent the industry on the Federal Reserve's Faster Payments Task Force steering committee.

More than a year after the CFPB revamped its employee rating system following allegations of discrimination, Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.

NCUA and AARP will host an online presentation for consumers and credit unions on how to prevent elder financial abuse.

Scale is one of the most important things remittance companies must focus on, which is why long-standing incumbents continue to have the upper hand.

House lawmakers plan to introduce a bill Monday to delay a controversial risk-based capital proposal for credit unions that would require regulators to further study the issue before finalizing the plan.

Square Inc. will eventually be a publicly traded company and could conduct an initial public offering this year if it wanted to, its former chief operating officer said.

Multinational banks that delay preparation for the European Union's proposed General Data Protection Regulation could pay a steep price: hundreds of millions of dollars in fines.

Anthony Albanese, the top deputy to New York bank regulator Benjamin Lawsky, will become acting head of the state's Department of Financial Services when his boss steps down next week, signaling little change in that office's aggressive stance on financial enforcement.