Compliance

In oral arguments held before the Supreme Court Tuesday, liberal justices appeared to struggle with plaintiffs' argument that state bans on credit card surcharges violate retailers' free speech, while the bench's conservatives appeared concerned about how states apply those bans.

Jeffrey Lacker, who has served as President of the Federal Reserve Bank of Richmond since 2004, announced Tuesday that he is retiring after 28 years of service at the bank.

Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray.

Even in the age of Watson, computers are still only as smart as the people who teach them.

Most observers offered a unanimous prediction on the future of the NCUA board, but Trump’s selections to other key financial posts could be just as impactful for credit unions.

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

Credit union service organizations are required to register annually as part of a rule the regulator approved in 2013.

The Consumer Financial Protection Bureau on Friday announced several changes to its senior management team.

Wells Fargo's retail-banking chief will unveil the bank's new compensation plan next week.

American Express has prevailed in its latest round of legal sparring with the Justice Department.

When Diebold wrapped up its $1.8 billion Wincor Nixdorf acquisition last August, there was one asterisk on the deal: The U.K. Competition and Markets Authority (CMA)—which this week threw a flag on Mastercard’s proposed acquisition of VocaLink—wanted to explore whether the ATM network giants’ merger stifled local competition.

For years, there's been a lot of talk about personal information as an unalloyed asset. But by now it should be clear that the more information a company has about its customers, the bigger a target it is for hackers.

The Senate Banking Committee is scheduled to hold a hearing Jan. 12 on the nomination of Dr. Ben Carson as secretary of the Department of Housing and Urban Development.

A California consumer group on Thursday urged the Senate Finance Committee to delay an upcoming nomination hearing into Treasury Secretary-designate Steven Mnuchin after a leaked 2013 memo described alleged illegal foreclosure practices at OneWest Bank when he was chairman and CEO.

In addition to citing fears about loosening underwriting standards, cyber threats, and potential obsolescence, the OCC added sales practices as a source of significant risk to the banking industry in response to Wells Fargo's recent phony accounts scandal.

Retailers are fighting back against financial industry efforts to repeal a cap on debit interchange fees.

Retailers are fighting back against financial industry efforts to repeal a cap on debit interchange fees.

Mastercard's $900 million acquisition of British payment company VocaLink is under fire, as the U.K.'s Competition and Markets Authority contends the deal will give the card network an unfair advantage in ATM-related negotiations.

As payment apps that mix social media components gain momentum, industry experts are wary that law enforcement will place even more surveillance and policing roles on payment processors.

The bank formerly run by Steven Mnuchin, President-elect Donald Trump's nominee to head the Treasury Department, allegedly used illegal practices in foreclosing on delinquent homeowners, according to a leaked 2013 memo from the California Attorney General's Office.