Compliance

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.

With the stakes so high for compliance officers, their rights and responsibilities should be clearly defined, including a safe harbor for those who play by the rules.

Online gambling is like gun shows and weed—legal and very lucrative, though with enough regulatory baggage that most service providers are reluctant to go near them.

WASHINGTON — A public interest coalition is calling on financial regulators to declare the drinking water contamination in Flint, Mich. a "disaster" and encourage lenders from around the nation to extend credit to the area to counteract the damage.

Even as credit unions continue to urge NCUA to revert to an 18-month examination cycle, federal bank regulators unveiled an interim final rule Friday allowing highly-rated community banks to qualify for an 18-month examination cycle.

Shoppers who finance the purchase of cars, furniture and home improvements are protected under a decades-old federal regulation. Now consumer groups are urging the FTC to update its rule and consider offering the same protections to victims of home-mortgage or auto-leasing scams.

As expected, the National Credit Union Administration approved sweeping overhaul of MBL rule, but several sticking points led to some acrimonious exchanges — and could presage battles ahead.

Federal Housing Finance Agency Director Watt stopped short of calling for Treasury to recapitalize the government-sponsored enterprises, but said "something needs to be done" before they run out of capital.

President Obama on Wednesday named Thomas Donilon, the former national security adviser, to chair a special commission to develop a long-term cybersecurity strategy.

Banks are enthusiastic about innovation that involves both traditional institutions and nonbanks, but a more cohesive regulatory landscape is needed for cooperation between banks and fintech to grow even more.

The NCUA's plan to expand credit unions' business-lending powers generated more than 3,000 comment letters, mostly from bankers urging a 'no' vote. But the agency's board is expected to stick by its original proposal.