Compliance

Sen. Elizabeth Warren, the founder of the Consumer Financial Protection Bureau, said Thursday she would fight back against congressional efforts to delay or revamp the agency's payday lending proposal even while she acknowledged the plan could have been tougher.

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

Although the Consumer Financial Protection Bureau’s long-awaited proposal to establish the first federal rules for payday, auto title and high-cost installment loans offers a nod to NCUA’s Payday Alternative Loans (PALs) program, CUs are concerned the plan will stifle their ability to offer consumer-friendly alternatives to an often predatory market.

The Consumer Financial Protection Bureau's long-awaited proposal to establish the first federal rules for payday, auto title and high-cost installment loans did not include a provision that banks had planned would allow them to compete by offering small-dollar installment loans.

The National Credit Union Administration will host a webinar on how to become a certified Community Development Financial Institution (CDFI).

Community Business Bank in West Sacramento, Calif., has finally put the Troubled Asset Relief Program in the past.

The National Credit Union Administration (NCUA) will host an internal controls and accounting webinar on Wednesday June 22 at 2pm EST.

The Consumer Financial Protection Bureau will unveil sweeping federal regulations Thursday for payday lenders that could open the door for competition from banks, while forcing lenders to move toward longer-term installment loans. Here's what to track when the plan is released.

The latest crop of prohibition orders includes one against an employee involved in the fraud that led to the failure of Taupa Lithuanian CU.

ALEXANDRIA, Va. — The National Credit Union Administration announced Friday the appointment of Board Member J. Mark McWatters as liaison to the Defense Credit Union Council (DCUC).

Merchants are increasingly frustrated over how the EMV deployment has interfered with their legally guaranteed options for PIN debit transaction routing and authorization — and since the government gave merchants this right, the Merchant Advisory Group is appealing to the government to take a look at how things have played out.

Metsger moved to hold public board briefings—believed to be a first for the agency that has often been criticized for lack of transparency—and is speeding up the review of call reports and the exam cycle.

The National Credit Union Association announced Thursday a program to hear comments from credit union stakeholders called the Exam Flexibility Initiative.

The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUD's inspector general.

As a top Republican lawmaker nears the release of a plan aimed at rolling back and replacing the Dodd-Frank Act, bankers are being cautious about offering any support, fearing it may open the door to changes they oppose.

The compliance technology company Trace International has launched what it bills as the first global, commercial beneficial ownership registry.

A number of Congressional leaders – including the ranking Democratic member of the House Financial Services Committee -- announced their support Monday for proposed legislation that would increase credit unions’ ability to lend to small businesses.

The Consumer Financial Protection Bureau is making an end run around existing regulations to collect new data on overdraft programs, the American Bankers Association claims.

WASHINGTON — Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

WASHINGTON — Seven financial trade groups announced Monday that they are banding together to push legislation that would extend bank-like data security standards to retailers and non-bank businesses.