Compliance

Advantage Federal Credit Union has converted to a Michigan state charter to expand its community field of membership to serve additional areas in the state. The change comes with a new name – Advantage One Credit Union.

With supervisory pressures continuing to mount, a piecemeal approach to handling banks’ regulatory demands is costly and ineffective.

The Indiana Senate race could prove to be the most important congressional race for bank policymaking if handshake deals propel former Sen. Evan Bayh to the top of the banking committee. But picking Bayh could start a civil war within the Democratic party.

The U.S. is steadily building the foundation of a nationwide faster payments system, but not all of the pieces are connected. Many of the elements developed independently, with influence from across the globe.

The Consumer Financial Protection Bureau on Thursday finalized new requirements for mortgage servicers that provide more help to struggling borrowers and add consumer protections when loans are transferred.

The Consumer Financial Protection Bureau on Thursday finalized new requirements for mortgage servicers that provide more help to struggling borrowers and add consumer protections when loans are transferred.

The Bancorp has named Hugh McFadden its chief operating officer, replacing an executive who had joined the Wilmington, Del., company just 16 months earlier.

The linchpin of the federal government's payday lending proposal is a credit-reporting system for small-dollar loans created by the private sector, but the kinds of companies that could create it haven't stepped forward.

Bots have slowly begun to creep onto the online payments scene, and they could offer a whole new, simpler way to part with our cash.

The Consumer Financial Protection Bureau added its voice Tuesday to a chorus of other regulators in calling for sustainable foreclosure relief when the Home Affordable Modification Program expires at yearend.

The Consumer Financial Protection Bureau added its voice Tuesday to a chorus of other regulators in calling for sustainable foreclosure relief when the Home Affordable Modification Program expires at yearend.

The state bar's board of governors passed a rule change allowing credit unions to hold IOLTAs. The amendment still needs to be ratified by the Florida Supreme Court.

Whether it is EMV, NFC, HCE or TSP, there is certainly no shortage of acronyms within the payments ecosystem. And this is one trend that is here to stay.

Institutional structures and cultures loom large in how for-profit and not-for-profit institutions make the decision to issue pink slips.

CUs experience CEO turnover at roughly half the rate of other organizations, but a variety of factors play into how and when those terminations take place.

For smaller CUs, replacing a poorly performing CEO can often be just as costly as doing nothing.

CFPB TRID changes, NCUA comment request on information collection activities and a focus on regulatory relief for CUs during the legislative recess are all on the agenda for the industry this week.

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

The Consumer Financial Protection Bureau's proposal Friday updating its mortgage disclosure rule did not give lenders what they wanted: an ability to correct errors after a loan has closed and a release from liability for technical violations. But the 293-page proposal did provide revisions that will help in compliance and the closing of more loans.

The National Credit Union Administration wielded a broad axe in July, issuing eight notices of prohibition to individuals who have been convicted of financial crimes.