Compliance

MADISON, Wis. – The Wisconsin State Assembly on Thursday voted unanimously to pass AB 807, legislation sponsored by the Wisconsin CU League that would modernize the state credit union statute, known as Chapter 186, and administrative code provisions relating to credit unions.

State regulators and House lawmakers warned the Consumer Financial Protection Bureau not to preempt state laws when the agency issues its proposal to regulate payday-type loans.

Federal Reserve Board Chair Janet Yellen faced tough questions Wednesday by House Financial Services Committee lawmakers over the central bank's regulatory treatment of big banks.

The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer.

The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer. Her hiring comes as the $4.8 billion-asset company works to shore up its risk and compliance management.

Broadway Financial in Los Angeles has been released from an enforcement action administered by the Federal Reserve.

After an active 2015, with nearly 290 deals announced, don't think for a second that bankers are taking a breather. Executives are looking at ways to build scale, improve their fintech offerings and ensure smooth transitions following acquisitions. Here is a sampling of recent comments about bank consolidation.

Credit unions aren’t the only ones who would like to see changes made to their call reports: so would banks. While CUs are expecting NCUA to address call reports during implementation of the risk-based capital rule, banks are getting a little help from a handful of members of Congress.

Setting yet a new record for number of comment letters filed, NCUA’s proposed field of membership overhaul has reopened old wounds and rekindled the battle between credit unions and banks.

The Obama administration announced a new cybersecurity strategy on Tuesday, calling for a 35% increase in funding to bolster private and public defenses and the creation of a new chief information security officer position for the government.