Compliance

The ‘Financial Services for the Underserved Act’ would permit credit unions of all charter types to seek National Credit Union Administration Board approval to add underserved areas to their fields of membership.

Jonathan Wade Dunning has been found guilty of 98 counts involving conspiracy, wire fraud, bank fraud and money laundering by an Alabama federal jury.

WASHINGTON — Banks in states with legal marijuana businesses may warm up to them as customers if an amendment to a Senate appropriations bill becomes law.

WASHINGTON — At first blush, the image of Sen. Elizabeth Warren as Hillary Clinton's vice president might be enough to send financial executives fleeing to the hills.

Lenders grudgingly embraced some changes in FASB's new loan-loss accounting requirements, and they get more than three years to comply, but a number of implementation pitfalls still lie ahead.

Lenders grudgingly embraced some changes in FASB's new loan-loss accounting requirements, and they get more than three years to comply, but a number of implementation pitfalls still lie ahead.

The National Credit Union Administration announced Friday that Texans Credit Union, a $1.5-billion institution based in Richardson, Texas, has emerged from conservatorship and is once again under the control and direction of its members.

In its second "Board Briefing" since Chairman Rick Metsger introduced the practice, officials outlined their plans to add an "S" – for interest rate sensitivity – to the regulator’s existing "CAMEL" examination rating system.

NAFCU opposes proposal to increase the National Credit Union Administration's Board to five members, while CUNA supports the idea. Other industry insiders note potential increased costs to regulator's staffing budget but potential benefits too.

House Republicans' plan to subject all federal regulators to the Congressional appropriations process is alarming industry observers, who argue it could hurt both banks and consumers.