Compliance

Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients.

As the names pile up — Equifax, Target, Home Depot, TJ Maxx, etc. — there's one thing all of these brands have in common. They all disclosed a major data security breach, and they all remain in business despite what happened.

The Senate will resume discussions on S. 2155, while the House focuses on the TAILOR Act and other measures.

Banks and payment companies have long been wary of the political and reputational risks of supporting gun sellers. But gun sellers know their customers better than most other merchant categories.

From inappropriate touching to belittling comments, women advisors confront workplace environments that are far from welcoming.

California officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap.

Andrea Dunlop has more than two decades of experience in the payments industry following a stint in military service. At Paysafe, she competes in an increasingly digital and borderless technology environment.

Even if a business is located in the U.S., it’s where the service is delivered that determines if the GDPR rules governing data protection in the EU apply, writes Mia Papanicolaou of Striata.

About 750 people took part in a rally at the state capitol in Des Moines to protest a proposed tax on Iowa's credit unions.

After some modest success pushing companies to add women to boards, State Street is raising the bar; a few key departures have left the world’s central bankers even more male-dominated; and why Caitlin Long went from Wall Street to Wyoming.

Google is reportedly working with a number of European banks to explore opportunities arising from PSD2.

Japan’s financial regulator ordered further improvements at embattled cryptocurrency exchange Coincheck Inc. and penalized six others, including one operated by publicly listed GMO Internet Inc.

The lack of enforcement actions is troubling and raises questions of what’s ahead, writes Matt Schulz, senior analyst at CreditCards.com.

Financial agencies must prepare themselves to evaluate the practical effects of automated decision-making in lending and other programs to better detect fair-lending violations.

American banks and retailers are sparring over whether financial firms should follow a new national standard to quickly notify consumers when they’ve experienced a data breach.

The Minneapolis bank has been operating since October 2015 under a consent agreement that stemmed from deficiencies in its efforts to combat money laundering.

A federal judge has thrown out another ADA suit targeting a credit union website, but the industry is still waiting for clarity from the Department of Justice.

A New Hampshire bank CEO argues that the reform bill awaiting a vote in the Senate will free up community banks to focus more on their customers and less on compliance.

CFPB examiners aren’t backing down over technical issues, and plaintiffs – as well as state attorneys general – could cause more issues for CU compliance, a panel of legal experts told credit unions at the 2018 CUNA GAC.

The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management.