Compliance

Regulator announces at NAFCU conference that it will release more details on proposed budget in advance this year so stakeholders can review and analyze the information beforehand.

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

Bank of New York Mellon will pay a $30 million penalty to the U.S. Securities and Exchange Commission in a settlement related to the bank's pricing of foreign-exchange transitions.

First NBC Bank Holding in New Orleans, which delayed the release of its 2015 annual report earlier this year, said it has submitted a plan to Nasdaq to get back on schedule with its filing of financial statements.

Beavercreek, Ohio-based Wright-Patt Credit Union has come under fire due to a legal defense donation fund created by the father of convicted rapist Brock Turner, whose court case and surrounding circumstances have stirred national outrage.

Mere days after pressuring Visa to scrap plans for a fee that would allegedly would penalize issuers for shifting volume to other card networks, Sen. Dick Durbin, D-Ill., went after MasterCard about a different fee.

Michigan Governor Rick Snyder signed the Michigan Credit Union Act update on June 9 — the first comprehensive update to CU laws in 13 years, according to the Michigan CU League.

Advocates of CU payday products offer mixed reviews of the bureau's proposed rule aimed at curbing predatory lending.

Lost in the wave of shopping and payment innovation is just how remarkable the change has been--as little as 10 years ago, transaction options were pretty static and wristwatches were time-telling relics rather than futuristic vessels for shopping.

WASHINGTON — The House Appropriations Committee approved a bill Thursday that would subject the Consumer Financial Protection Bureau to the appropriations process, among other things.