Compliance

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.

If the EMV chip-card migration in the U.S. taught the payments industry anything, it's that some players meet compliance deadlines, while others let them slip by.

The Consumer Financial Protection Bureau named six people to top staff positions Tuesday, including the head of a new office for small-business lending.

Consumer Financial Protection Bureau faced hostile questions during oral arguments before a federal appeals court Tuesday as it sought to argue the constitutionality of its single-director structure.

Trade groups for credit unions and small banks breathed a sigh of relief last week after a panel unveiled updates to the latest version of the Financial Accounting Standards Board's controversial Current Expected Credit Loss standard.

The Society for Worldwide Interbank Financial Telecommunication (Swift) has created a service to help financial institutions comply with requirements governing payments messaging.

The National Credit Union Administration on Monday said it received $575 million as its part of a $5 billion settlement with Goldman Sachs.

Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.

A federal appeals court has set the stage for yet another legal showdown over the Consumer Financial Protection Bureau's structure in a major test of the bureau’s authority.

The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.

In a panel featuring the four living chairs of the Federal Reserve Board, Janet Yellen said that she does not share Minneapolis Fed President Neel Kashkari's view that the biggest banks need to be broken up – but respects his opinion and the role of regional banks in the Fed system.