Compliance

If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.

While much of the focus on chip cards is rightly placed on security, there's also a relationship building factor as consumers become aware of the benefits.

Progressives are already pushing Democrats to appoint another Wall Street reformer to the Banking Committee if they win back the Senate, but other considerations, including the 2018 midterms, will play a significant role in who is chosen.

Qualifying institutions can receive assistance from NCUA’s Office of Small Credit Union Initiatives.

We asked experts in the payments industry what business or economic advice they would give to the next president of the United States (regardless of who wins in November). Here is what they had to say.

Open source development has joined blockchain technology in a bid to take a bite out of banks' long-standing control over the international payments market.

WASHINGTON -- In a speech defending his support of Republican presidential nominee Donald Trump, PayPal co-founder Peter Thiel faulted both major parties for letting recent financial bubbles occur under their watch.

NCUA banned five former credit union officials from the industry for convictions tied related to embezzlement, grand larceny, falsifying business records and other crimes.

The world's third-largest bank hasn't given up on bitcoin.

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.

A financial report due out soon could reignite a battle over whether the Federal Housing Administration should again reduce its annual premium.

Mastercard's Masterpass digital wallet is gaining steam from a new enrollment feature that puts issuers in control, according to Mastercard CEO Ajay Banga.

WASHINGTON — Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., are raising concerns about why independent audits of Wells Fargo's internal controls didn't discover fraudulent account openings by thousands of employees.

Bethpage Federal Credit Union in Bethpage, N.Y., Holston Methodist Federal Credit Union of Knoxville, Tenn., and United Heritage Credit Union of Austin, Texas have all selected The FirstClose Report for instant title search, flood certification, valuation and property information and other services tied to mortgage and home equity loan products.

The Consumer Financial Protection Bureau sent letters Thursday to 44 mortgage lenders warning them of potential reporting violations related to their mortgage lending activities — infractions the bureau is increasingly pushing lenders to take seriously.

Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million.

In bringing back public budget hearings, the National Credit Union Administration is doing something no other federal financial regulator does.

One of the nation's biggest prepaid card companies said that it expects to lose 10% to 12% of its current revenue as a result of new federal rules governing the industry.

Nearly a year and more than 10,000 comment letters after it was introduced, the National Credit Union Administration is expected to vote Thursday on a final rule that would make it easier for consumers to join a credit union.

With compliance costs on the rise, some banks are looking at sharing staff -- a move CUs have utilized for many years.