Compliance

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.

Obama's surprise move to place newest National Credit Union Administration board member on beleaguered bank board leaves many industry insiders wondering who will leave first—Chairman Matz or McWatters?

A new credit union advocacy and public affairs firm, known as Leverage Point, Inc., launched last week with a few familiar faces on board.

Sen. Bernie Sanders and former Gov. Martin O’Malley pledged to reinstate the Glass-Steagall Act to separate commercial and investment banking, while former Secretary of State Hillary Clinton said her reform plan was the only one to go after the nonbanks like AIG which caused the crisis.

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.Feds Launch Massive Debt Collection Enforcement Sweep

Credit unions are still eagerly awaiting more information on the $5.1 billion settlement the megabank reportedly agreed to that would help the National Credit Union Share Insurance Fund recoup at least a portion of the losses sustained during the financial crisis.

Several Republican presidential candidates called for a rollback of regulations on Thursday, saying that over-regulation is choking off job growth and the economy.

Roughly 28% of Swift's correspondent bank users have signed up for the cooperative's KYC Registry, defying early skepticism about financial institutions' willingness to share information.

ALEXANDRIA, Va. — The National Credit Union Administration (NCUA) late Wednesday said the director of the Michigan Department of Insurance and Financial Services (DIFS) placed Clarkston Brandon Community Credit Union (CBCCU) into conservatorship and appointed NCUA as its conservator.

Even without a change in federal law, credit unions and banks can manage the risks associated with the marijuana business, argues a former federal bank examiner who now works in the cannabis industry.

Even without a change in federal law, banks can manage the risks associated with the marijuana business, argues a former federal bank examiner who now works in the cannabis industry.