Compliance

Banks are becoming more comfortable with robotic process automation and could use it overhaul everything from the payroll functions to advising customers.

The first full week of the Trump administration includes a number of issues pertinent to CUs, including potential Senate votes on cabinet nominees.

Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.

The Consumer Financial Protection Bureau is drunk on power. Let’s return the agency’s regulatory responsibilities to the states and those agencies covering the relevant industries.

Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.

The Consumer Financial Protection Bureau on Thursday sued TCF National Bank for what the bureau said were deceptive and abusive practices in selling overdraft services.

The global money transmitter will pay $586 million and implement an anti-fraud program in order to resolve allegations that it enabled widespread misconduct by some of its employees.

Once a relationship built on deceit, U.S. marijuana businesses and banks have begun opening up to one another to smooth the compliance burden of processing payments for the legal cannabis industry.

Representatives from CUs in the U.S., Ireland, Brazil and Canada were on-hand to discuss a potential carve-out for FIs and other cooperatives.

Once a relationship built on deceit, U.S. marijuana businesses and banks have begun opening up to one another to smooth the compliance burden of processing payments for the legal cannabis industry.