Compliance

The government appears to be speeding toward establishing uniform standards for student loan servicers in light of reports of pervasive problems in the administration of both private and federal loans.

Keys Federal Credit Union, a $121-million institution based in Key West, Fla., announced the formation of a new volunteer board of directors and supervisory committee, just one week NCUA took Keys FCU out of conservatorship.

NCUA is soliciting feedback from credit union industry stakeholders as it previews a new version of the agency's public website.

Federal financial regulators are teaming up to produce a webinar on fair lending law compliance targeted for credit unions.

NAFCU on Friday asked a federal appeals court for leave to join an action challenging the Federal Communications Commission’s order on Telephone Consumer Protection Act prohibitions relating to financial institutions’ autodialed calls to account holders.

Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, is not seeking a higher leadership position in the wake of House Speaker John Boehner’s resignation, a spokeswoman said Monday.

Modified executive compensation plans can encourage bank chiefs to make prudent business decisions rather than chasing short-term profits.

Many different data security technologies exist, but the payments industry “does not have what it needs for a global standard,” said Marianne Crowe, vice president of the Federal Reserve Bank of Boston.

House Speaker John Boehner’s surprising announcement reduces the odds of an imminent government shutdown, but raises fresh questions about several key financial services industry priorities.

NCUA late Thursday liquidated tiny SWC Credit Union, here.