Compliance

New Hampshire Congressman Frank Guinta welcomed more than 30 credit union officials at America's Credit Union Museum on Friday for a roundtable discussion that featured NCUA Chairman Debbie Matz.

One month after being placed into conservatorship by NCUA, tiny Helping Other People Excel Federal Credit Union, which had been embroiled in a Bitcoin money laundering scheme, was liquidated by the regulator.

Banks and credit card companies could find themselves on the losing end if the daily fantasy sports companies DraftKings and FanDuel are deemed to have been running illegal gambling operations in the state of New York.

It wasn't enough for the agency to propose sweeping changes to field of membership at Thursday's meeting, as regulators also tackled the budget, OTR and industry calls for a longer exam cycle at a meeting that was punctuated by the some of the sharpest exchanges yet between Chairman Debbie Matz and Board Member J. Mark McWatters.

The United States and United Kingdom recently published detailed money laundering and terrorist financing risk assessments identifying both law enforcement and national security challenges.

San Francisco sued American Express Co. for allegedly stifling competition with excessive fees, seeking billions of dollars in restitution to merchants.

In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.

The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight.

Commercial and retail banking customers in some cases are being marginalized from the financial system, making de-risking a pressing social-policy issue, a Bank of America official said at a Clearing House conference.

The New York Department of Financial Services' letter indicating potential cyber rules are prompting concerns that the state's plans could lead to more stringent measures throughout the industry.