Compliance

WASHINGTON – The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

The Consumer Financial Protection Bureau said Springstone Financial, acquired last year by Lending Club, misled borrowers into thinking loans carried zero interest.

Credit unions are pushing NCUA to revert back to an 18-month examination schedule.

The Payments Security Task Force and the EMV Migration Forum will offer educational materials about EMV-chip card payments, including templates of social media posts and hashtags; educational downloads that include visual aids and training guides; media interview tips; and more.

A look at how Dodd-Frank has really impacted the financial services industry, and what other forces are at play.

Illinois has signed two agreements to allow its state-chartered credit unions operate out of state.

ValueAct Capital Management, the activist fund run by Jeff Ubben, disclosed a new 1.1 percent stake in American Express Co.

The FDIC wants to enlist banks to help determine which customers are insured and uninsured, but some say the FDIC is passing what should be its responsibility on to the industry.

Indictments are still pending in the case of an alleged Bitcoin money laundering scheme involving a tiny low-income credit union in New Jersey.

Though one of the defendants in the case appeared in a federal court in New York earlier this week, no pleas have been entered in the illegal Bitcoin exchange with ties to a small, low-income CU in New Jersey.