Compliance

Bankers are still grappling with vendor software problems, longer processing times and delays in mortgage closings as a result of new disclosures that went into effect four months ago, according to a new survey by the American Bankers Association.

WASHINGTON — The House Financial Services Committee will hold a vote Wednesday on a credit union-backed bill that would provide regulatory relief for financial institutions that are not considered systemically important.

The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.

National Credit Union Administration announces the Temporary Corporate Credit Union Stabilization Fund received its seventh consecutive "clean" audit opinion.

NCUA issued its prohibition orders for the month of February, prohibiting four people from employment and activity in the affairs of any federally insured financial institution.

Western Union has promoted Jacqueline Molnar to chief compliance officer.

The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.

The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.

The credit union regulator's latest recovery from legal action following the corporate credit union crisis brings total legal recoveries to more than $2.4 billion.

Regulators’ focus on having banks and credit unions offer payday loan alternatives to underserved consumers overlooks the success of Web-based companies in filling credit gaps.

The Consumer Financial Protection Bureau has not named a permanent deputy director since July. Given the contentious political battle over Cordray's recess appointment and ultimate confirmation by the Senate in 2013, some former officials say it may wait until after the election to make a choice. Here's why.

I am glad the Department of Justice picked a fight with Apple. Let me explain why.

Several members of Congress endorsed an effort to send a joint bipartisan letter to the Consumer Financial Protection Bureau asking for more exemptions for CUs and small banks.

WASHINGTON — A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.

Mildred Mitchell-Bateman Hospital FCU is the second liquidation of the year.

Payment technology provider Stripe aims to equip global entrepreneurs with the necessary banking and payments relationships to launch an online business in the U.S.

Director of Consumer Financial Protection Bureau makes appeal to CUs to work with his agency; says they have 'much ground in common.'

The top leaders of the National Credit Union Administration said Tuesday that they support an alternative option that would allow credit unions to merge some operations.

Nearly 5,000 credit union advocates are in Washington for the Credit Union National Association’s Governmental Affairs Conference this week. Keynote speakers include Lisa Bodell, Ted Koppel and a 2016 Elections Point-Counterpoint with Paul Begala and Mike Murphy. Key policymakers include CFPB Director Richard Cordray, NCUA board members Debbie Matz, J. Mark McWatters and Rick Metsger as well several U.S. senators and representatives.

Western Union Co. is at the center of a preliminary European Union antitrust inquiry into allegations the company colluded with banks to drive rivals out of the multibillion dollar money-transfer market.