Compliance

Illinois Governor Bruce Rauner has signed two pieces of credit union-friendly legislation this summer amending the Illinois Credit Union Act and the state's Labor and Storage Lien Acts, effective immediately.

Call Report data shows a loss of more than $300,000 during the first two quarters of this year, following losses in 2014 and 2015.

The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the U.S. Department of Housing and Urban Development (HUD) over lending issues.

Congress and CU trade groups have questioned the CFPB on its interpretation of the Dodd-Frank Act's exemption authority, claiming the regulations have increased unnecessary burdens on credit unions and restricted services for consumers. The CFPB has fired back, stating the issue was addressed when Dodd-Frank was passed six years ago.

California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.

Industry trade groups react to call report modernization proposal and the CFPB posts a public comment request regarding TRID changes.

Investors Bancorp in Short Hills, N.J., has joined the ranks of banks flagged by regulators for Bank Secrecy Act issues.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

A federal judge in California approved a $2.4 million settlement in a class- action lawsuit against Social Finance, a San Francisco-based online lender.

The meeting was requested by representatives from the Credit Union Association of the Dakotas, but also included community bankers.

The Consumer Financial Protection Bureau has met the requirements for convening small-business review panels, though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said Wednesday.

The Consumer Financial Protection Bureau has met the requirements for convening small-business review panels, though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said Wednesday.

Texas regulator last accredited in 2011

A single paragraph in a lawsuit filed by the Consumer Financial Protection Bureau is sparking fears by third-party payment processors that the agency is quietly and significantly expanding its authority over the industry.

A single paragraph in a lawsuit filed by the Consumer Financial Protection Bureau is sparking fears by third-party payment processors that the agency is quietly and significantly expanding its authority over the industry.

Four years after the first states legalized marijuana, most bankers still want nothing to do with it.

In comment letters to the regulatory agencies, several reform organizations and trade associations took aim at various aspects of an April proposal that they consider too lax or lacking in clarification.

The Inspector General of the Department of Housing and Urban Development has found a new ally in his fight to reform the down payment assistance programs run by HUD and state and local housing finance agencies.

In a speech Tuesday, GOP presidential nominee Donald Trump pledged to temporarily suspend all new federal regulations if elected president, but even if he wins the White House, it may prove beyond his reach.

This week marks the end of the comment period regarding the NCUA's regulatory review process for 2016. Also due for comment this week are various information-collection procedures by regulators, as well as the Consumer Financial Protection Bureau's annual privacy notice rule.