Compliance

Dwolla has forwarded its proposal for faster payments to a Federal Reserve Board task force studying submissions as part of a national initiative, and its voice is one of several seeking to make a difference in the country's move to faster payments.

Every year, millions of students borrow federal loans to cover college expenses. For many, this money is crucial for more than just tuition. It helps these students stay in school by paying for food, rent, transportation and other living costs. But lately, this money has also become the lifeblood for predatory card vendors that gobble up funds with unnecessary, exploitative and hidden fees.

The finance industry pushed back against a proposal by the Consumer Financial Protection Bureau Thursday that would ban arbitration clauses in consumer contracts. If there is a flurry of class action lawsuits against banks and credit cards companies, the financial firms will no longer use arbitration because of the higher legal costs.

May is Older Americans Month and the National Credit Union Administration is reminding seniors about the agency's online resources to help them manage money and protect themselves against fraud.

The Consumer Financial Protection Bureau is set on Thursday to issue a proposal that would ban the use of arbitration clauses that prevent consumers from bringing class action lawsuits.

The Treasury Department will release a white paper next week outlining "research and recommendations' related to marketplace lending as a capstone to its nearly yearlong inquiry into the fast-growing industry.

Just six months out from the general election, presumptive Republican presidential nominee Donald Trump's positions on financial issues remain a complete mystery aside from a general pledge to roll back the Dodd-Frank Act.

The Consumer Financial Protection Bureau is expected to issue a proposal Thursday that would limit the use of arbitration clauses on millions of financial contracts from cellphones to credit cards to checking accounts. Here are key areas to look at when the plan is released.

NCUA will host a listening session on May 25 at 2 p.m. EST to garner input regarding its Minority Depository Institutions Preservation (MDIP) Program.

A federal appeals court case challenging the constitutionality of the Consumer Financial Protection Bureau is raising concerns that if the agency loses, it could open the floodgates for a flurry of other lawsuits against the CFPB.