Compliance

As expected, the National Credit Union Administration approved sweeping overhaul of MBL rule, but several sticking points led to some acrimonious exchanges — and could presage battles ahead.

Federal Housing Finance Agency Director Watt stopped short of calling for Treasury to recapitalize the government-sponsored enterprises, but said "something needs to be done" before they run out of capital.

President Obama on Wednesday named Thomas Donilon, the former national security adviser, to chair a special commission to develop a long-term cybersecurity strategy.

Banks are enthusiastic about innovation that involves both traditional institutions and nonbanks, but a more cohesive regulatory landscape is needed for cooperation between banks and fintech to grow even more.

The NCUA's plan to expand credit unions' business-lending powers generated more than 3,000 comment letters, mostly from bankers urging a 'no' vote. But the agency's board is expected to stick by its original proposal.

American Express Co. is reorganizing management and consolidating its marketing activities as the biggest credit-card issuer by purchases seeks to cut $1 billion in costs over the next two years.

Credit unions that undergo conservatorship face a variety of destinies. Consider the fate of credit unions that were conserved five years ago. In 2011, according to NCUA, nine credit unions were placed into conservatorship. Of those nine, eight were eventually liquidated (often due to fraud) and one remains in conservatorship almost five years later. Here is a brief review of what became of them.

North Island Financial Credit Union was on the verge of conservatorship but managed to avoid that fate and come back out swinging.

When regulators step in to take control of a troubled CU, what promising signs do they look for to determine whether there will be life after conservatorship, and what happens next?

The burgeoning industry has been hoping the Supreme Court would overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.