Compliance

For Cyriac Roeding, CEO and co-founder of shopkick, the marriage of virtual and physical shopping has never as close as it is now.

The Federal Reserve Board says it followed a proper system for establishing debit interchange caps and fully abided by the Durbin Amendment's requirement for merchants to have two unaffiliated networks to choose from for routing debit transactions.

American Airlines and US Airways have argued that the combined airline will be good for "competition, consumers and choice." But just days before the merger's closing, changes that the airlines have made to a popular credit card reward may end up having the opposite effect.

The Fed's vision of a vastly improved payments system within 10 years is getting a chilly reception from a group representing the nation's largest banks.

China's central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country.

WASHINGTON — John Farmakides, president and CEO of Lafayette Federal Credit Union, testified before a Congressional subcommittee Thursday morning about impediments to credit union business lending.

Several Canadian banks have taken on the challenge of managing and protecting their customers' usernames and passwords across banking and government sites. U.S. banks are invited to join a similar pilot starting in the U.S.

WASHINGTON – The NAFCU Board on Wednesday met with the Federal Reserve to discuss credit union issues and present the findings of its “2013 NAFCU Report on Credit Unions.”

WASHINGTON — Rose Bartolomucci, president and CEO of Towpath Credit Union testified Wednesday before the House Committee on Financial Services on behalf of CUNA to advocate for regulatory relief the credit union community.

WASHINGTON — In the wake of Wednesday's legislative hearing by the House Financial Services Subcommittee on Financial Institutions and Consumer Credit — "Examining Regulatory Relief Proposals for Community Financial Institutions," and the proposals that would benefit federal credit unions — NAFCU weighed in with a letter.