Compliance

State financial institution regulatory agencies in Idaho and Vermont have been approved for reaccreditation by the National Association of State Credit Union Supervisors (NASCUS) and the Conference of State Banking Supervisors (CSBS), in the wake of recent reviews, NASCUS announced.

Vantiv will stop processing transactions for its clients in daily fantasy sports amid government claims the sites are violating gambling laws, the New York Times reported Friday.

ALEXANDRIA, Va. – The National Credit Union Administration said it issued six orders in January prohibiting the following persons from participating in the affairs of any federally insured financial institution:

Outsourcing has allowed CUs to offer broader services and improve convenience, but it also adds a complex risk dimension for credit unions to manage.

Alexandria, Va. – Twenty-two credit unions have agreed to pay civil monetary penalties for filing their third-quarter call reports late, the National Credit Union Administration said Wednesday.

WASHINGTON – Risks to financial stability have risen in the past year across several key areas, the Treasury Department’s Office of Financial Research said in a report to Congress issued Wednesday.

Banks that prioritize structural changes in their compliance process will make risk frameworks more effective and sustainable over time.

The Mississippi bank hopes its settlement talks with the CFPB and Justice Department ultimately clear the way for it to complete acquisitions in Texas and Louisiana, but time is running short.

Credit union service organizations can begin to register with the NCUA’s CUSO Registry starting Feb. 1, the agency said Monday.

The agency is expected on Wednesday to release the list of credit unions that missed the Call Report filing deadline on Jan. 22. Though the number of late filers has decreased significantly since NCUA first started imposing fines, some concerns about scheduling Call Reports have been raised.

U.S. banks are no longer barred from providing financing when American companies export certain products to Cuba, according to revised regulations from the Obama administration.

The Consumer Financial Protection Bureau is receiving more pushback than fellow financial regulators from companies it issues enforcement orders against, likely as a result of the stronger wording the agency uses to publicize the actions,

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically — according to Blair Evans of Baker Donelson. It's also directly counterproductive to its goal of protecting consumers, she says.

The American Bankers Association has gone public with its issues with a plan to require banks to record loan-loss provisions when they originate a loan. Bankers are worried that the rule will eventually force smaller institutions to use costly modeling programs to comply.

After more than a decade of dormancy, field of membership is revving up the age-old rivalry between credit unions and banks.

National Credit Union Administration says it wants to double number of low-income CUs with Community Development Financial Institution status by end of the year.

Credit unions will have 90 days to comment on the controversial OTR methodology—a long-awaited victory for NASCUS and state charters.

Caja D'Oro—the nickname for Internet Archive FCU that means "box of gold—is golden no more.

Leverage Point, an advocacy and public affairs firm based here, and Washington-based law firm CU Counsel on Tuesday announced a formal partnership.

International money transfers have not enjoyed the improvements in transparency and cost that are benefiting other products. That must change to move the remittance market forward.