Compliance

As the Federal Reserve prepares for its October meeting, many institutions are waiting to see how the board's actions might impact the ongoing war for deposits.

Regulatory bodies are making modifications to disclosure requirements with greater frequency, requiring issuers to spend time and money to make updates across what is often a complex mixture of products, communications and channels, says Messagepoint's Fred Harding.

Digital payments and new financial services add complexity to the rules, says Joel Sherwin of Weinberg Gonser LLP.

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

New tech can help banks with less cumbersome systems track suspicious activity more effectively.

The chairman acknowledged the timetable is "ambitious."

Facebook's original proposal for Libra was to develop a sweeping, global currency with the backing of the world's biggest companies. Now, with fewer companies on its side and a massive backlash by lawmakers, Facebook is loosening one of Libra's core values.

New tech can help banks with less cumbersome systems track suspicious activity more effectively.

In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.

The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns that credit unions could become an even more inviting litigation target.