Compliance

Despite regulatory and legal uncertainties that could affect the U.S. EMV chip-card migration, MasterCard Inc. is telling its acquiring banks and merchants that it intends to stick to its October 2015 deadline.

In his first major move as head of the agency that oversees Fannie Mae and Freddie Mac, ex-Rep. Mel Watt said Wednesday that he will delay a planned fee hike that would have raised the cost of most home loans backed by the government-sponsored enterprises.

Washington -- NAFCU said Tuesday that it has added three attorneys to its team of regulatory compliance counsels to better enhance service and bolster assistance to members "as regulations continue to roll out."

ALEXANDRIA, Va. -- NCUA released its Share Insurance Estimator Tuesday, a redesigned version of the agency's E-Calculator.

The Target Corp. data breach just before the holiday shopping season triggered another round of rhetoric on the merits and shortcomings of chip-based cards. But the breach's direct effect on merchant EMV plans is largely up in the air.

Taiwan's Financial Supervisory Commission is barring Bitcoin ATMs because the country's regulatory body views Bitcoin as a false currency that should not be used by people or banks for payments.

A computer glitch at PNC Financial last week delayed overnight processing for some customer transactions.

CUNA wants the Federal Housing Finance Agency's new director to reverse course and clarify several actions set by his processor that the trade group fears could harm credit unions.

In an exclusive interview with Credit Union Journal, NCUA Chairman Debbie Matz outlined the agency's key initiatives for 2014, including proposed new capital rules that that will likely impact about 200 credit unions, due to the amount of risk on their books.

Following the lead of other retailers, the National Retail Federation filed an appeal Jan. 2 of a U.S. District Court ruling to approve the years-long class action against the card brands that resulted in a $5.7 billion swipe-fee settlement.