Compliance

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

In a closely-watched Colorado case that could set a precedent for financial institutions seeking to serve marijuana retailers, a judge has encouraged both parties to consider a mellow resolution.

The Consumer Financial Protection Bureau is charging the law firm Frederick J. Hanna & Associates $3.1 million over allegations that it illegally filed debt collection lawsuits against consumers.

Sen. Richard Shelby, R-Ala., has a limited window to move his regulatory reform legislation next year, after failing to secure passage for the bill as part of the budget fight.

The banking group, already irate over a plan to drastically change the timing of loan-loss provisions, is blasting remarks by FASB Chairman Russell Golden linking community banks to the financial crisis. FASB, meanwhile, said the comments were meant to be a criticism of current credit loss models — not banks.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

How can your company avoid missteps? By engaging with your shareholders in a constructive way. Dialogue between companies and shareholders — if approached in the right spirit — can yield valuable strategic insights and positively impact financial performance.

One of the more unusual financial crime stories of the year concerned two men who were charged with operating an illegal Bitcoin exchange through a now-shuttered New Jersey credit union.

FBI accuses two Florida men with operating illegal Bitcoin exchange through now-defunct New Jersey credit union.

Participants in an alleged credit card laundering scheme have agreed to settle Federal Trade Commission charges that they illegally helped provide access to payment networks, thereby enabling scammers to place bogus charges on consumers’ credit cards.

The Federal Deposit Insurance Corp. announced settlements Wednesday with student banking business Higher One of New Haven, Conn., and WEX Bank of Midvale, Utah, for deceptive practices in the marketing of college and university debit accounts.

Privacy advocates were appalled by the cybersecurity act Congress passed in the omnibus spending bill, with its abandonment of data-privacy provisions that existed in earlier versions. Now consumer and business-client privacy is at the discretion of the banks and other private companies.

The ease with which Congress was able to take money from the Federal Reserve to pay for a highway transportation bill — by slashing the dividend the central bank pays large banks — is likely to encourage lawmakers to take another dip into the Fed's books next year.

Existing-home sales plummeted in November confirming fears in the mortgage industry that a new consumer disclosure rule is delaying mortgage closings.

A healthy bank culture can only be built from within, rather than as a compliance exercise to satisfy regulators.

Some mortgage investors are refusing to buy home loans that are at risk of violations of new consumer-disclosure rules. The problem appears to be worst among nonagency jumbo loans purchased by private investors.

For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.

NCUA on Friday liquidated Bethex Federal Credit Union, based here, exactly three months after the regulator placed the troubled CU into conservatorship.

WASHINGTON — The House and Senate have approved major spending and tax packages, which are now en route to the White House to be signed into law.

YUMA, Ariz. — A.E.A. Federal Credit Union, based here, once again is under the control of its members after five years of conservatorship, NCUA said Friday.