Compliance

For more than a decade, U.S. regulators have been advising bankers to know more about their customers than who they are. In the next five years that may become the global norm as technology allows more granular transaction monitoring.

Large foreign firms are facing key decisions about the size of their footprint here as they approach a Federal Reserve Board requirement to form a separate holding company to house their U.S. subsidiaries.

HSBC Holdings executives said little about the future of their U.S. bank and other underperforming businesses at a sometimes contentious annual shareholder meeting Friday.

As horrifying cyberattack scenarios grow more plausible, an American Bankers Association simulation of a hypothetical breach at a $10 billion-asset bank is designed to guide institutions through a set of crisis response steps.

House lawmakers approved two bills this week to foster greater information sharing between the private sector and government about cyber threats — and all eyes now turn to the Senate to see if legislation can finally be enacted.

DAYTON, Ohio — The Superintendent of the Ohio Division of Financial Institutions on Thursday placed Montgomery County Credit Union, Inc., into conservatorship and appointed the National Credit Union Administration as agent for the conservator.

WASHINGTON — Credit unions can't afford to ignore the potential ramifications of the Consumer Financial Protection Bureau's (CFPB) recent decision to pull back on new investigations in order to clear out a slew of pending cases.

Banks that use biometric technology should remember to take client and employee privacy concerns seriously. After all, banks have a duty to protect personal information and prevent its potential misuse.

PayPal is investing heavily in technology to make sure it is properly equipped for the challenge ahead of it when its split from eBay is finalized.

NCUA Director of Examinations and Insurance Larry Fazio testified before Congress today urging legislators consider supporting several NCUA-backed bills that would ease regulation and provide increased flexibility for financial institutions, pointing to the regulatory burden faced by credit unions today, more than three quarters of which have assets of less than $100 million.