Compliance

The National Credit Union Administration this month banned five individuals from participating in the affairs of any federally insured financial institution.

The New York Department of Financial Services has modified its cybersecurity rule after financial executives registered a number of complaints at a hearing in Albany last week.

Banks' ethical and regulatory missteps have been a source of consternation for regulators and the general public since the 2008 financial crisis. So how can the Trump administration balance accountability with its promises of low regulation and high growth?

The New York State Department of Financial Services has modified its cybersecurity rule after a strong pushback from bankers, including at a hearing in Albany last week.

The Consumer Financial Protection Bureau faces a precarious and uncertain future in 2017 with all eyes focused on two questions: whether President-elect Donald Trump will attempt to fire agency director Richard Cordray and if Congress can successfully restructure the agency by changing its leadership and funding.

With the change in administration and more friendly economic conditions, policymakers should consider greater balance between principles- and rules-based approaches.

While European banks worry about losing revenue because of the new Payment Services Directive (PSD2) requirement for opening up access to application program interfaces (APIs), they will benefit from the coming marketplace of premium APIs.

The Department of Justice is criticizing an appeals court ruling striking down the Consumer Financial Protection Bureau's single-director structure, saying the decision overstepped Supreme Court precedent.

The Community Home Lenders Association is urging the incoming Trump administration to help recapitalize Fannie Mae and Freddie Mac by stopping, at least temporarily, the quarterly profit sweeps that go into the U.S. Treasury.

Opposition is lining up against the Consumer Financial Protection Bureau’s arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect. Some attorneys think the arbitration rule-making is already dead on arrival.