Compliance

Bank executives and outside experts finger technology as the area most in need of improvement when it comes to vetting financial institutions' ability to withstand the next bit economic shock.

The Consumer Financial Protection Bureau (CFPB) announced it has appointed new consumer finance experts from outside the federal government to its Credit Union Advisory Council.

Just one hour after NCUA conserved Bethex FCU on Friday, the New York State Department of Financial Services on Friday took possession of $178 million Montauk Credit Union, and appointed NCUA as conservator.

NCUA on Friday placed Bronx, N.Y.-based Bethex Federal Credit Union into conservatorship.

Rep. Randy Neugebauer, R-Texas, a senior member of the House Financial Services Committee, said Thursday that he would not run for office in 2016.

Agency's apparent refusal to open issue up for discussion is targeted even more than the debate over the frequency of examinations.

Now 77% of federally insured institutions fall under new definition.

Representatives from both parties had tough words for the NCUA's new RBC proposal.

Lawmakers from both sides of the aisle lines up to speak at the CU event, and what they had to say demonstrated why financial regulatory reform efforts have stalled.

A Federal Reserve decision is expected soon on M&T's long-delayed application to buy Hudson City Bancorp. M&T would still get strategic benefits it sought, but Hudson City has shrunk and become less profitable since it agreed to sell three years ago, and the cost of the deal has risen.