Compliance

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.

A week after saying they were less than a year away from testing a real-time payments network in the U.S., The Clearing House and FIS have submitted a proposal about the system to the Federal Reserve's Faster Payments Task Force.

A video of the March 2016 open meeting of the National Credit Union Administration board was posted on the agency’s website Friday.

A federal district judge ruled that the Consumer Financial Protection Bureau has no power to investigate the Accrediting Council for Independent Colleges and Schools, an embattled accreditor of for-profit colleges. The ruling marks the first time a court has said the bureau had no jurisdiction and overreached its statutory authority.

Banking regulators made several critically important changes in their new plan to restrict executive pay at financial institutions after their first attempt flopped in 2011. Here's what they did.

Federal regulators unveiled a long-awaited proposal Thursday designed to target incentive-based pay arrangements for executives at banks and credit unions, the agencies' second attempt after their initial plan met fierce resistance.

Despite his loss in the New York primary on Tuesday, Sen. Ted Cruz is fighting hard to win the Republican nomination. But eliminating the CFPB could be an even tougher challenge if he is eventually elected president.

Research published in 2014 found that just 18% of U.S. checking account holders pay 91% of all bank overdraft fees.

Continued doubts over ending "too big to fail" should force managers to elevate underappreciated staff whose job is to attack oncoming risks.

A Consumer Financial Protection Bureau study found that borrowers pay steep bank penalty fees and may have their checking accounts closed when they take out online payday loans.

A federal appeals panel appeared receptive to striking two works from the Dodd-Frank Act that says the CFPB’s director can be removed “for cause.” Here’s what that would mean.

Pennsylvania became the 24th state (including the District of Columbia) to legalize medical marijuana after Democratic Governor Tom Wolf signed a bill over the weekend, but CUs aren’t lining up to serve these now-legitimate businesses.

All the noise over the impact of the Current Expected Loss Model is paralyzing bankers from taking reasonable and practical steps to prepare for the new accounting standard.

Freedom Mortgage of Mount Laurel, N.J., has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

With the latest recovery of losses related to the failed corporates brings agency another step closer to being able to issue rebates to credit unions from the corporate stabilization fund.

The National Credit Union Administration quietly announced Thursday a meeting to discuss a re-proposed executive compensation rule — one of the last and most important unfinished regulations in Dodd-Frank.

The good news is, most credit union service organizations reported the process was relatively smooth. The big question now: how will the agency use all that data it just collected?

Even while FHFA finally embarked on a principal reduction plan, critics argued it was a dangerous idea that made Fannie Mae and Freddie Mac less safe while helping relatively few people.

Credit unions watching closely as they wait to see what sort of supplemental capital proposal will come out of the National Credit Union Administration.

After $29 million offer to resolve claims arising from losses over residential mortgage-backed securities, court's prejudgment interest pushes the total the Swiss banking giant owes the regulator to $50.3 million — so far.