Opinions

Adding to the opposition against National Credit Union Association’s proposal to require financial reporting from credit union service organizations, Credit Union 24 is organizing a letter-writing campaign urging withdrawal of the initiative.

Freddie Mac relied on a botched loan review process for key data used to justify its landmark settlement with Bank of America, the FHFA's inspector general has concluded.

U.S. banks would have to change the way they compensate traders involved in market-making activities under one of the proposed restrictions of the so-called Volcker rule, according to a draft circulating among regulators.

Many financial institutions have eliminated their free checking accounts, and the fees they are charging rose this year, according to new research from Bankrate.com.

CHICAGO—Last week, the PCI Security Standards Council pushed advanced encryption as a way to protect consumers’ card data. But one point-of-sale vendor executive contends authentication at every step of the payments process would work better to combat fraud.

A "don't waste a good financial crisis" moment has arrived. The G-20's Financial Stability Board is set to convene a global workshop on how to create and administer a global identification standard for businesses and their ownership structures involved in the financial supply chain.

While bankers complain about what's already on the books, regulators are moving on to write new "macro-prudential" rules designed to curb systemic risk.

The Treasury Department's Office of Inspector General blames the OTS in nearly of all its recent failed thrift reviews. The OCC, which inherited OTS-regulated thrifts in July, said it will make sure mistakes cited in the reports are not repeated.

Should credit bureaus wipe all blemishes from a consumer's file after three years? Will the Durbin debit rule drive consumers to use cash and checks, or credit cards? Don't expect firm answers from these academics, just intriguing questions.

Premier Bank & Trust in North Canton, Ohio, said that that Office of the Comptroller of the Currency has lifted a consent order after the bank recapitalized and addressed concerns over certain assets.