Compliance

Housing was the talk of the campaign two presidential elections ago, but it stayed under the radar in the 2016 race, leaving plenty of room to speculate about President-elect Donald Trump's likely mortgage policy for the next four years.

Republican presidential nominee Donald Trump's shocking victory late Tuesday left world markets rattled, and financial services companies facing an uncertain future. But once they adjust, financial institutions are likely to embrace Trump's deregulatory agenda.

Despite more than a year of campaigning and discussing various issues, Donald Trump remains a huge question mark when it comes to policies affecting credit unions — making it unclear exactly what his priorities would as president.

The Internal Revenue Service's internal watchdog Tuesday called on the agency to develop a concerted strategy to address the possible use of virtual currencies in tax evasion or money-laundering schemes.

As voters in California, Florida and nine other states decide whether to legalize marijuana, the results may force Congress to resolve differences between federal and state laws.

A group of financial regulators have announced final changes to its ratings system for examining FIs' compliance with consumer protection laws. The update to the ratings generally reflects changes in the marketplace since the rating system was adopted in 1980.

As voters in California, Florida and nine other states decide whether to legalize marijuana, the results may force Congress to resolve differences between federal and state laws that have paralyzed much of the banking industry.

Deposits at big banks have swelled as corporations shifted funds around in anticipation of new money market rules. But industry experts describe the influx as a temporary blip that will serve mainly to provide yet another drag on margins in the fourth quarter.

The Justice Department has widened its investigation of Fulton Financial’s mortgage lending practices to include four new units.

China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy.

Guidance on regulatory expectations is helpful, but it is not yet clear whether such guidance gives financial institutions impetus to onboard or keep clients they perceive to be riskier.

Employee termination notices sent by Wells Fargo to the Financial Industry Regulatory Authority raise new questions about the bank's knowledge of fraudulent account openings and indicate it may have taken retaliatory measures against potential whistleblowers, three Democratic senators alleged Thursday.

Wells Fargo chief Tim Sloan on Thursday downplayed the financial damage from the bank's phony-accounts scandal and insisted there is still a role for cross-selling if conducted properly.

The guidebook is a project of the regulator’s Small Credit Union Learning Center.

No matter the outcome of the divisive 2016 election, the many regulations still in the pipeline from financial regulators are not going to come to a screeching halt when the next president takes the helm in January. But of the various agencies, the one most vulnerable to change is the National Credit Union Administration.

Among the troubles for Rush Credit Union are missing money, mysterious deeds to foreign properties and a car raffle that may have been rigged.

We asked experts in the payments industry what business issue they would like to eliminate in the year ahead. Here is what they had to say.

Even if the court does dismiss the suit, the banking trades are widely believed to be prepping another lawsuit against the regulator, this time attacking the recently approved updates to NCUA’s field of membership rule.

The regulator’s settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.