Compliance

Jim Nussle is celebrating his first anniversary as the head of CUNA by announcing a host of new initiatives including a dues reduction and non-voting membership classes for industry stakeholders such as vendors who serve credit unions. The announcement comes days after the trade group's board largely rejected changes recommended by its restructuring task force.

Bank of America Chief Executive Brian Moynihan gets to keep his chairman's title but still faces a major capital plan deadline in just a week and then will have to sort through the fallout from what has been a challenging third quarter for the entire industry.

Circle Internet Financial, the Bitcoin services company and wallet provider, has become the first company to receive a BitLicense from the New York State Department of Financial Services.

New York's regulation of Bitcoin businesses is "still not perfect," a Circle Internet Financial executive says, but it didn't want to pull its services from the state as some have.

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.

ALEXANDRIA, Va. — NCUA has accepted a judgement offer of $129.6 million from Royal Bank of Scotland to resolve claims from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions.

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

Credit unions flocked to the nation’s capital for the trade association’s annual pilgrimage to Washington, where executives have the chance to hear from politicians at the conference and then head to lawmakers’ offices to lobby on credit union issues.

WASHINGTON — One of the top anti-money laundering regulators warned credit unions Tuesday that many do not appear to be properly following reporting requirements.

Monaco, previously senior economist at the regulator, succeeds Worth, who left last month.

New York's banking regulator has reached an agreement with four of the banks developing an online message service to store records for potential access by regulators and other officials.