Compliance

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.

American Express Co. is reorganizing management and consolidating its marketing activities as the biggest credit-card issuer by purchases seeks to cut $1 billion in costs over the next two years.

Credit unions that undergo conservatorship face a variety of destinies. Consider the fate of credit unions that were conserved five years ago. In 2011, according to NCUA, nine credit unions were placed into conservatorship. Of those nine, eight were eventually liquidated (often due to fraud) and one remains in conservatorship almost five years later. Here is a brief review of what became of them.

North Island Financial Credit Union was on the verge of conservatorship but managed to avoid that fate and come back out swinging.

When regulators step in to take control of a troubled CU, what promising signs do they look for to determine whether there will be life after conservatorship, and what happens next?

The burgeoning industry has been hoping the Supreme Court would overturn a problematic lower-court ruling, but the unexpected passing of a conservative stalwart makes that outcome less likely.

MADISON, Wis. – The Wisconsin State Assembly on Thursday voted unanimously to pass AB 807, legislation sponsored by the Wisconsin CU League that would modernize the state credit union statute, known as Chapter 186, and administrative code provisions relating to credit unions.

State regulators and House lawmakers warned the Consumer Financial Protection Bureau not to preempt state laws when the agency issues its proposal to regulate payday-type loans.

Federal Reserve Board Chair Janet Yellen faced tough questions Wednesday by House Financial Services Committee lawmakers over the central bank's regulatory treatment of big banks.

The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer.

The Bancorp in Wilmington, Del., named Sepideh Behram to the role of chief compliance officer. Her hiring comes as the $4.8 billion-asset company works to shore up its risk and compliance management.