Compliance

Many organizations handling payment card data do not have the technology in place to simplify the complex process of compiling quarterly testing results now required by the Payment Card Industry data security standards.

The prosecution of former House Speaker Dennis Hastert illustrates why it makes sense to require bankers to share suspicions with the authorities.

Former CEO of U.S. Mortgage Corp. and CU National Mortgage sentenced to seven years in prison; ordered to pay more than $139.6 million in restitution.

The only member of the NCUA board to be appointed twice — by different presidents — talks to CU Journal.

Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

PayPal Holdings Inc. said federal regulators are investigating the company's Venmo free peer-to-peer payment service in connection with potential unfair trade practices.

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

A new online training module is designed to educate board directors on best practices in the process of mergers.

In a twist, compliance officers are finding solace rather than pain in a recent enforcement action from the Financial Crimes Enforcement Network.

The Consumer Financial Protection Bureau is set Thursday to propose new disclosures for federal student loans that would require servicers to provide several repayment options for borrowers.

The Consumer Financial Protection Bureau is set Thursday to propose new disclosures for federal student loans that would require servicers to provide several repayment options for borrowers.

Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R.-Tenn, about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.

State regulators led the way with a bevy of comments suggesting ways NCUA should overhaul how the agency is funded.

The Financial Accounting Standards Board gave final approval Wednesday to its controversial Current Expected Credit Loss standard, but agreed to delay its implementation deadlines by a year in response to protests from banks and credit unions.

The Credit Union National Association (CUNA) launched a Regulatory Burden Calculator that is free to member credit unions, the agency said Wednesday.

While banks should be wary of potential restrictions on the H-1B visa program, policymakers should be mindful of the consequences of limiting H-1B visas too severely.

WASHINGTON — After close to four years at the helm of the Financial Crimes Enforcement Network, Director Jennifer Shasky Calvery announced Tuesday that she will leave the agency next month.

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

The Consumer Financial Protection Bureau ordered the New Jersey law firm Pressler and Pressler and a debt buyer to pay $2.5 million for allegedly filing "mass-produced" lawsuits against consumers based on nonexistent debts.

Multi-factor authentication will be required for administrative access to card data and systems for Payment Card Industry data security compliance this week.