Compliance

All six tiny credit unions had one primary thing in common: management contracts with Service Center for Credit Unions in Bensalem, Pa.

The National Credit Union Administration is encouraging credit unions to take advantage of the agency’s financial literacy resources as it participates in Financial Literacy Month.

PayPal Holdings Inc. is scrapping plans to build an operations center in Charlotte, North Carolina, saying that recent legislation passed in the state undercuts the rights of lesbian, gay, bisexual and transgender people.

Donald Trump proposed to block billions of dollars in payments immigrants send back to Mexico if the government there refuses to pay for a border wall, in a potentially devastating move for Mexico's economy.

Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in its case against PHH Corp.

Instant electronic payments are a sine qua non of modern life. Real-time card-authorization systems were implemented in the mid-seventies and, in an era of mobile ubiquity, enable commerce anywhere, anytime. In contrast, payments between bank accounts generally aren't instant.

Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in its case against PHH Corp.

The Consumer Financial Protection Bureau has amassed more than $300 million in so-called "unobligated balances" in its civil penalty fund, driven by a bumper crop of penalties against financial institutions in the past year. Some are questioning why the balances remain so large, year after year.

HSBC hasn't adhered to terms outlined in a U.S. deferred-prosecution agreement requiring compliance measures to detect and prevent violations of money-laundering and sanctions laws, an external monitor said.

The Consumer Financial Protection Bureau has amassed more than $300 million in so-called "unobligated balances" in its civil penalty fund, driven by a bumper crop of penalties against financial institutions in the past year. Some are questioning why the balances remain so large, year after year.

Risk management executives discuss diverse approaches credit unions can take in addressing interest rate risk strategies.

NEW YORK CITY — Just six months after being placed into conservatorship, Montauk Credit Union, based here, was merged into Bethpage Federal Credit Union of Bethpage, N.Y., effective Thursday.

Two former credit union employees were handed life-time prohibition orders from the National Credit Union Administration in March following their criminal convictions.

The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.

BATON ROUGE, La. – The Louisiana Credit Union League is backing two bills that are moving through the state’s legislature.

Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.

Even as an NCUA working group is trying to craft a supplemental capital proposal for credit unions, mutual thrifts are quietly courting their regulator for a similar measure of their own.

NCUA named liquidating agent and Public Service Credit Union assumes members, assets, loans and shares of small Detroit institution.

The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather, it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.

The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.