Compliance

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.

Retailers and payment service providers will need to report on at least a quarterly basis on performance against the reference fraud rates, writes Matthew Attwell, Risk & Client Services director at The ai Corporation.

The Consumer Financial Protection Bureau issued a request for information Thursday on the bureau’s public reporting of consumer complaints, which has long vexed the financial services industry.

Two civil rights groups in Texas allege that Capital One's TV ads featuring black celebrities encourage minority customers to deposit money and use debit cards, while its branch closings in their neighborhoods cut them off from loans and other services.

The nation's finance minister is set to overturn Bank Act restrictions that would have prevented credit unions from using words like "bank" or "banking" in their communications.

The state Senate's efforts to modernize Idaho's Credit Union Act include listing fiduciary duties for credit union officials, amending member voting procedures and more.

Regulator asks three banks for information on dealings with president’s son-in-law; Both interfered with the bank’s investigation into an executive’s behavior.

New York's banking regulator has asked Deutsche Bank and a pair of local lenders to provide information about their relationships with Jared Kushner, his family and the Kushner Cos., according to people familiar with the matter.

Limited data on fraud is a widely recognized issue and it was decided that incorporation into PSD2 was the most appropriate way to enforce a requirement, writes Matthew Attwell of The ai Corporation.

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures
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With even the likes of WhatsApp and Google Chrome looking to integrate payment APIs into their offerings, this space is poised up for a lot of disruption, writes Sanat Rao, chief business officer and global head for Infosys Finacle.

Shares of the Providence, R.I., company plunged Monday after a news report that it faces possible legal risks from the latest charges filed against Paul Manafort, the former campaign manager for President Trump.