-
The Consumer Financial Protection Bureau faces a tough balancing act as it seeks to issues a proposal to rein in high-cost payday loans. A chief concern is what will replace payday lenders if federal regulations force many of them to shut down.
March 22 - New York
Bank of New York Mellon has agreed to pay $3 million to settle an investigation into its handling last year of a major software system crash.
March 22 -
CU lobby emphasizes movement's commitment to keeping people in their homes but expresses concern about setting a 'dangerous precedent' with principal cuts.
March 22 -
The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.
March 22 -
The National Credit Union Administration (NCUA) issued a reminder to credit union service organizations (CUSOs) that they must register with the agency by March 31.
March 22 -
As commerce gets increasingly global, the differences in payment security from country to country become more apparent.
March 22 -
Federal financial regulators have instructed credit unions and banks to extend procedures for collecting customer identification information to certain holders of prepaid cards.
March 21 -
As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.
March 18 -
Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations.
March 18 -
As one of the most antagonistic lobbying battles in Washington escalates -- where financial institutions like JPMorgan Chase and Visa are sparring with companies such as Walmart over credit card swipe fees -- a powerful ally is again sticking up for the retailers.
March 18