Compliance

It's still unclear what New York's planned "BitLicense" actually is, but the New York Department of Financial Services says its license is meant to encourage Bitcoin businesses to operate and innovate in the state.

Total System Services CEO Phil Tomlinson took time out from discussing record revenue during the payments processor's Jan. 28th earnings call to proclaim his company safe from the slate of recent data breaches that have afflicted Target and other retailers.

WASHINGTON -- Consumer Financial Protection Bureau Director Richard Cordray told members of Congress Tuesday that the agency's qualified mortgage/ability-to-pay rules will not crimp credit union home lending to low- and moderate-income members.

New York's financial regulator today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.

Does Bitcoin require its own set of regulations, or can businesses that trade in the virtual currency and payment system be policed effectively under existing rules?

ALEXANDRIA, Va. -- The National Credit Union Administration's new risk-based capital calculator received more than 2,200 unique visits the day it was launched last week and a total of 5,400 through Friday.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.

Payment processor First Data has agreed to pay JPMorgan Chase millions of dollars to settle a hiring dispute, the Wall Street Journal reports.

Michaels is investigating a possible data security attack, CEO Chuck Rubin said in a letter to customers.

While this still hinders some customers' adoption of their bank or credit union's mobile bill pay offerings, in reality, today's technology has made mobile bill pay more secure and easier than ever before.