Compliance

Washington-- Banking industry officials hailed changes to a Financial Accounting Standards Board rule that they have long complained unfairly distorts banks' quarterly earnings.

Fourth Corner Credit Union's failed court battle against the Fed has led to renewed calls for U.S. lawmakers to offer stronger protections to financial institutions that provide banking services to legal marijuana growers and distributors.

A Colorado credit union's failed court battle against the Fed has led to renewed calls for U.S. lawmakers to offer stronger protections to financial institutions that provide banking services to legal pot growers and distributors.

After several years of tussling with mortgage rules and their implementation, the Consumer Financial Protection Bureau is focusing on several areas that will primarily affect the nonbank market, including debt collection, payday-type loans and prepaid cards.

Vows to turn credit rating agencies into nonprofits, allow the U.S. Postal Service to offer financial products, and cap interest rates banks charge consumers -- just like credit unions.

Federal judge rebuffs legal challenge by Colorado credit union chartered to serve marijuana businesses but then denied access to the U.S. payment system.

From the bitcoin money laundering scheme that brought down a credit union to bankers threatening lawsuits over proposed changes to field of membership, Credit Union Journal presents the most popular stories of 2015.

Credit union works with vendor to stay one step ahead of cyber attacks while being in compliance with Federal Financial Institutions Examination Council regs.

If impending rules on overdraft protection go too far, banks could intentionally pull back on providing the service to illustrate just how useful it is.

Dilip Ratha, an economist at the World Bank, shows how the power of a simple remittance sent from one family member to another could be magnified to improve the lives of poor people.

The Dodd-Frank Act is a burden on community banks and credit unions but regulators are struggling to quantify the costs, according to a report released Wednesday by the Government Accountability Office.

WASHINGTON — The Dodd-Frank Act is a burden on credit unions and community banks but regulators are struggling to quantify the costs, according to a report released Wednesday by the Government Accountability Office.

Mortgage lenders on both the residential and commercial sides of the business will have to deal with a different lending environment in 2016. These include enforcement of TILA-RESPA Integrated Disclosure violations plus rising interest rates and the impact on origination volumes. Here are 10 observations that originators need to mull over while crafting their business plans for the coming year.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

A federal judge is urging the parties of a closely watched pot-banking case to settle their dispute.

In a closely-watched Colorado case that could set a precedent for financial institutions seeking to serve marijuana retailers, a judge has encouraged both parties to consider a mellow resolution.

The Consumer Financial Protection Bureau is charging the law firm Frederick J. Hanna & Associates $3.1 million over allegations that it illegally filed debt collection lawsuits against consumers.

Sen. Richard Shelby, R-Ala., has a limited window to move his regulatory reform legislation next year, after failing to secure passage for the bill as part of the budget fight.

The banking group, already irate over a plan to drastically change the timing of loan-loss provisions, is blasting remarks by FASB Chairman Russell Golden linking community banks to the financial crisis. FASB, meanwhile, said the comments were meant to be a criticism of current credit loss models — not banks.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.