Compliance

WASHINGTON -- CUNA slammed NCUA over proposed requirements for contacts with federal credit unions -- labeling the rule unnecessary, unjustified and driven largely by a desire for "examiner convenience."

Retailers are letting Congress know they support federal efforts to thwart cybercrime, while voicing their support of chip-based EMV smartcards combined with PIN authentication as a defense against future breaches.

WASHINGTON -- After reviewing the proposed new rule on risk-based capital introduced at Thursday's NCUA's board meeting, CUNA is not changing its stance that credit unions do not need reform that increases their capital burdens.

Large international money transmitters would have to follow the same federal remittance rules that apply to banks under a Consumer Financial Protection Bureau proposal released today.

ALEXANDRIA, Va. -- NCUA approved a strategic plan for the next four years during its first board meeting of 2014 Thursday, including outlining priorities for the agency through 2017.

Major bank and retail card issuers are lacking in key security areas, according to a new study from Javelin Strategy and Research.

Neiman Marcus Group Ltd., the luxury retailer, said about 1.1 million credit cards may have been compromised in a data breach that occurred last year.

Payment service provider EVO Payments is partnering with fraud prevention company ReD to provide integrated fraud prevention to EVO's e-commerce merchants.

BIRMINGHAM, Ala. -- With NCUA's proposed new risk-based capital rule due out Thursday, credit unions are anxiously waiting to see if the agency gets it right.

As banks are moving through the "methodical process" of reproducing new cards for customers whose data may have been compromised in the recent Target data breach, they are also studying the best security options for the future, says U.S. Bancorp CEO Richard Davis.