Compliance

How Align Credit Union was able to lighten its compliance burden and improve its branching strategy in one fell swoop.

Payday lenders are seeking a court injunction to stop what they say is a concerted effort by federal banking regulators to cut them off from the mainstream financial system.

The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.

Reports will be due on the final Sunday of the month following the end of each quarter.

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

A rule set to go into effect Dec. 1 would have made millions more Americans eligible for overtime pay, but many CU advocates opposed the rule out of a belief that it would increase the regulatory burden.

The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

If President-elect Donald Trump selects House Financial Services Committee Chairman Jeb Hensarling as his Treasury Secretary, it would be a clear sign that he intends to embrace a more traditional Republican agenda when it comes to financial services issues.

Employees at the Treasury Department’s Office of Financial Research have raised concerns about racial discrimination and dysfunction at the agency, according to internal documents and videos posted online.

The Credit Union National Association and the National Association of Federal Credit Unions have jointly filed an amicus brief supporting the NCUA's motion to dismiss the lawsuit recently filed by the Independent Community Bankers of America challenging the agency's authority to issue its latest member business lending rule.

WASHINGTON — The Treasury Department's Financial Crimes Enforcement Network mismanaged its system for tracking enforcement cases, allowing some cases to expire before the agency had the chance to impose civil money penalties, according to a government watchdog.

The EMV migration has been sluggish, but it's a vital part of protecting cardholders.

The Consumer Financial Protection Bureau has formally appealed an October court ruling that undercut the agency's independent status, arguing that the decision laid out a theory of separation of powers without precedent in case law or the Constitution.

Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade credit unions and banks that it is safe to work with cannabis firms.

Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade banks that it is safe to work with cannabis firms.

CUNA COO Rich Meade says there are plenty of opportunities for credit unions to work with the new president and Congress to advance regulatory reform and other priorities.

The Independent Community Bankers of America have asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by ICBA that challenges recent revisions to the agency's member business lending regulation.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., sharply criticized President-elect Donald Trump's transition team on Thursday, saying he has reneged on his promises to "drain the swamp" and instead has put "swamp monsters" in charge.

Banks are butting heads with consumer groups and fintech firms over the need for new rules governing the use of financial data.