Compliance

As more mobile wallets come to market, security becomes a more common selling point. Some stick to tried-and-true methods like typing a PIN or password, but others are experimenting with less conventional ideas.

Law firms, compliance specialists, lobbyists and even startups are all trying to get a piece of the burgeoning billion-dollar industry aimed at navigating, modifying or complying with the Volcker Rule.

WASHINGTON — The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one of the trickiest rulemakings the agency will ever attempt.

A long-awaited bill to enhance cybersecurity information sharing has taken a major step forward.

The $969 million-asset company said in a press release Thursday that the Office of the Comptroller of the Currency had lifted a September 2010 consent order against First National Community Bank.

PayPal will pay a $7.7 million fine for processing payments from customers that have ties to sanctioned parties on a U.S. Government list.

American Express is planning for a protracted legal battle with the Justice Department in order to defend its ability to structure merchant contracts as it sees fit, company officials said March 25.

Throughout the U.S., many companies are still not covering the essentials when protecting their systems, but the enemy is getting increasingly sophisticated and relentless, Visa's risk chief said.

WASHINGTON — The House Financial Services Committee approved nearly a dozen regulatory reform bills for credit unions and community banks on Thursday, though Democrats signaled they remain concerned about efforts to roll back the Dodd-Frank Act and consumer protection measures.

After releasing successive studies on the payday industry over the past two years, the Consumer Financial Protection Bureau is finally set to unveil Thursday sweeping proposals that could fundamentally change the business of short-term loans and other products.