Compliance

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

A rule set to go into effect Dec. 1 would have made millions more Americans eligible for overtime pay, but many CU advocates opposed the rule out of a belief that it would increase the regulatory burden.

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

If President-elect Donald Trump selects House Financial Services Committee Chairman Jeb Hensarling as his Treasury Secretary, it would be a clear sign that he intends to embrace a more traditional Republican agenda when it comes to financial services issues.

Employees at the Treasury Department’s Office of Financial Research have raised concerns about racial discrimination and dysfunction at the agency, according to internal documents and videos posted online.

The Credit Union National Association and the National Association of Federal Credit Unions have jointly filed an amicus brief supporting the NCUA's motion to dismiss the lawsuit recently filed by the Independent Community Bankers of America challenging the agency's authority to issue its latest member business lending rule.

WASHINGTON — The Treasury Department's Financial Crimes Enforcement Network mismanaged its system for tracking enforcement cases, allowing some cases to expire before the agency had the chance to impose civil money penalties, according to a government watchdog.

The EMV migration has been sluggish, but it's a vital part of protecting cardholders.

The Consumer Financial Protection Bureau has formally appealed an October court ruling that undercut the agency's independent status, arguing that the decision laid out a theory of separation of powers without precedent in case law or the Constitution.