Compliance

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.