Compliance

If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all.

Visa Inc., Mastercard Inc. and banks that issue credit cards went on high alert Wednesday when the National Restaurant Association asked President Donald Trump and congressional leaders to cut the so-called swipe fees incurred every time a customer pays with plastic.

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.

Payhawk, a European paperless expense management provider, has raised €3 million (about $3.3 million) in a seed funding round led by Earlybird Venture Capital.

There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus.

The National Credit Union Administration also ordered its own employees to work from home until at least the end of March.

As the health crisis upends the United States, credit union trade groups have called for lawmakers and regulators to provide relief for institutions dealing with the pandemic's impact.

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.

Facebook and other social media platforms are a powerful way to connect members and loan officers, but lenders must ensure they first have a culture of compliance.

E-commerce firms and payment apps can reach new users and investors through crowdfunding, says Prime Trust's Bruce Dyer.