Compliance

While more healthcare reform requirements kick in in 2014, the one to pay close attention to, according to one expert, is the "pay or play" mandate.

SACRAMENTO, Calif. – The California Department of Financial Institutions last week said it is eliminating paper examination reports for state chartered credit unions and banks as part of its latest cost-saving move.

Acquirers consider the Payment Card Industry data security standards slightly more important as a source of revenue than as an approach to security, new survey data indicates.

ALEXANDRIA, Va. – The NCUA Board this morning approved a rule broadening the definition of “small credit union” from $10 million to $50 million, thereby exempting an additional 2,400 credit unions from the agency’s rules on risk-based capital and interest-rate risk.

Global Payments Inc. has "essentially completed" its data intrusion remediation efforts and will soon have its response to last year's massive breach of merchant and consumer card data reviewed by the major card networks—the final step before it can return to the networks' list of approved PCI-compliant vendors, according to executives of the Atlanta-based merchant processor.

The Consumer Financial Protection Bureau has approved a "concept design" for its DC headquarters.

ALEXANDRIA, Va. – The NCUA Board said it has terminated four pilot programs that allowed individual credit unions to engage in the short sale of U.S. Treasuries.

While the Senate has approved the bill to eliminate one of the dual-fee disclosure requirements at ATMs, it's no time for credit unions to relax when it comes to monitoring ATMs.

NCUA has rejected Commodore Perry FCU's appeal to the agency's Supervisory Review Committee.

CHARLOTTESVILLE, Va. – Despite the delay in implementation of Basel III rules, large banks are moving forward to build their capital base.