Compliance

Ant Financial and Tencent Holdings Ltd. have won approval to operate digital wallets for customers in Hong Kong, a significant step in the two Chinese internet giants’ overseas expansion.

Until recently, credit unions rarely used arbitration clauses, and were praised by consumer advocates for pro-customer practices. But credit unions have learned to embrace the use of arbitration clauses – and now oppose the Consumer Protection Bureau’s plan to rein them in.

Until recently, credit unions rarely used arbitration clauses, and were praised by consumer advocates for pro-customer practices. But credit unions have learned to embrace the use of arbitration clauses – and now oppose the Consumer Protection Bureau’s plan to rein them in.

Discussions around reinstating the Depression-era law are headline-grabbing, but Glass-Steagall has no merit in our current financial environment.

Credit union insiders cheer Democratic presidential nominee’s plan outlining how reg relief will benefit credit unions and small businesses alike.

With the Consumer Financial Protection Bureau expected to release tighter rules for prepaid cards in the next several weeks, prepaid issuers are pushing what they see as advantages over banks, such as fast access to payroll funds.

Democratic presidential nominee Hillary Clinton again pledged Tuesday to grant relief to small banks and credit unions if elected president, making her most high-profile commitment to the idea yet — but analysts were skeptical of her ability to get it across the finish line.

Some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan, will gather Wednesday to work on the biggest issue hobbling the technology behind digital currency -- the absence of grown-up governance.

The National Credit Union Administration is warning CUs about a phishing scam that targets consumers with communications that claim to come directly from the regulator.

Democratic presidential nominee Hillary Clinton renewed her pledge Tuesday to cut regulations for community banks and credit unions while also signaling plans to embrace the burgeoning fintech sector.

De novo charters hit a slowdown with 57% of newly chartered credit unions since 1990 currently described as inactive.

Financial institutions across the country are in the final stages of readying for the same-day processing of electronic payments, which are scheduled to begin on Sept. 23.

Diebold Nixdorf’s shiny new corporate moniker is already threatened by a possible deep investigation by U.K. authorities into the company’s possible anti-competitive violations.

One week after the Federal Reserve Board launched a Facebook page, social media experts are faulting its approach as high-handed and tone-deaf, raising questions about what the central bank was trying to accomplish and about its commitment to social media.

Monday marks the end of the comment period for the heavily debated arbitration agreement proposal from the Consumer Financial Protection Bureau, and both CU trade associations are urging the agency to utilize its ability to exempt credit unions.

Credit Unions are generally less likely to use or enforce arbitration clauses, but many institutions still include them as part of membership agreements.

The Consumer Financial Protection Bureau has appointed eight new credit union representatives to its Credit Union Advisory Council.

The Consumer Financial Protection Bureau on Thursday urged student loan servicers to provide more help to consumers who apply for income-driven repayment plans.

Industry representatives pushed back against a report that continues to paint a negative picture of arbitration clauses just as the Consumer Financial Protection Bureau plans to restrict such agreements.

For the first time, EMVCo, the card network-operated EMV standards body, has established an approval process to formally certify that contactless mobile payment devices can operate at EMV approved terminals.