Compliance

Capital One Financial in McLean, Va., is facing regulatory delays as it looks to buy a credit card business from outdoor equipment chain Cabela's.

Since the Dodd-Frank Act was passed in 2010, bank industry representatives have confidently predicted that the next year would bring significant changes, only to see their hopes dashed amid partisan divisions over proposed fixes. Until now.

A group of central bankers has postponed its planned meeting to review the details of the final capital and governance standards outlined in the Basel III accords, offering little explanation except that "more time is needed" to complete the rules.

The new year is shaping up to be the one in which sizable changes to the Dodd-Frank Act are finally enacted, thanks to Republican victories in the White House, Senate and House.

The debate over screen scraping has long pitted banks against fintech companies, but it has also recently captured the interest of another powerful interest group: Silicon Valley. That dynamic is set to make it one of the policy debates to watch closely in 2017, as companies like Google and Amazon are slowly starting to weigh in.

The National Credit Union Administration this month banned five individuals from participating in the affairs of any federally insured financial institution.

The New York Department of Financial Services has modified its cybersecurity rule after financial executives registered a number of complaints at a hearing in Albany last week.

Banks' ethical and regulatory missteps have been a source of consternation for regulators and the general public since the 2008 financial crisis. So how can the Trump administration balance accountability with its promises of low regulation and high growth?

The New York State Department of Financial Services has modified its cybersecurity rule after a strong pushback from bankers, including at a hearing in Albany last week.

The Consumer Financial Protection Bureau faces a precarious and uncertain future in 2017 with all eyes focused on two questions: whether President-elect Donald Trump will attempt to fire agency director Richard Cordray and if Congress can successfully restructure the agency by changing its leadership and funding.

With the change in administration and more friendly economic conditions, policymakers should consider greater balance between principles- and rules-based approaches.

While European banks worry about losing revenue because of the new Payment Services Directive (PSD2) requirement for opening up access to application program interfaces (APIs), they will benefit from the coming marketplace of premium APIs.

The Department of Justice is criticizing an appeals court ruling striking down the Consumer Financial Protection Bureau's single-director structure, saying the decision overstepped Supreme Court precedent.

The Community Home Lenders Association is urging the incoming Trump administration to help recapitalize Fannie Mae and Freddie Mac by stopping, at least temporarily, the quarterly profit sweeps that go into the U.S. Treasury.

Opposition is lining up against the Consumer Financial Protection Bureau’s arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect. Some attorneys think the arbitration rule-making is already dead on arrival.

WASHINGTON – Senate Democrats are keeping up the pressure on Wells Fargo’s board to answer questions about the fake account scandal.

At a time when individual accountability at corporations is mounting, here is how compliance officers can detect and prevent fraud occurrences within their own firms.

The Consumer Financial Protection Bureau is facing renewed pressure by consumer groups and think tanks to move forward with a plan that would rein in overdraft programs.

Democrats are shuffling the deck chairs of the Senate Banking Committee and will have an additional seat on the panel when the 115th Congress convenes in January.

The Philippines is considering regulations for digital currencies as the government seeks to bolster protection for the increasing number of overseas Filipinos using bitcoin and its counterparts to send money home.