Compliance

The payment companies that serve micro merchant communities face many inventive fraud schemes, and the fraudsters behind them are getting wiser about how to appear legitimate.

Lyle Beckwith of the National Association of Convenience Stores argues that debit card interchange is unfairly high. But this argument ignores several key points.

The dialogue comes as the central bank is mulling a potentially momentous application by an upstart credit union that hopes to serve the marijuana industry.

WASHINGTON — The House is slated to vote on a host of regulatory relief bills next week when Congress returns from its spring break.

Bank regulators plan to release their self-assessment tool later this quarter to gauge institutions' cyber readiness, but many see it as sign of more prescriptive measures down the road.

With only six months to go before the EMV chip-card liability shift takes effect, many U.S. merchants are not yet aware of the EMV migration.

WASHINGTON — The Consumer Financial Protection Bureau has filed a massive lawsuit against more than a dozen debt collectors, payment processors and related entities that the agency said failed to detect fraudulent collection tactics.

Leaders on the Senate Banking Committee are still trying to move forward on a regulatory relief deal, but negotiations will slip beyond an earlier goal to hold a vote by the middle of April.

First-quarter earnings calls will rev up in the next week. Here are some community banks that could have a lot to say about M&A, compliance and cost cutting.

Malicious software that blows past antivirus software undetected, combined with sophisticated social engineering (i.e. tricking employees of bank customers into divulging information), have enabled criminals to steal $500,000 to $1 million at a time, security experts say.