Compliance

San Francisco sued American Express Co. for allegedly stifling competition with excessive fees, seeking billions of dollars in restitution to merchants.

In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.

The House passed two controversial regulatory relief bills Wednesday evening ahead of the looming yearend budget fight.

Commercial and retail banking customers in some cases are being marginalized from the financial system, making de-risking a pressing social-policy issue, a Bank of America official said at a Clearing House conference.

The New York Department of Financial Services' letter indicating potential cyber rules are prompting concerns that the state's plans could lead to more stringent measures throughout the industry.

Canada has joined a growing number of nations seeking to adopt the International Standards Organization 20022 payment messaging standard to initiate faster payments at less cost.

The NCUA Board has a lot on its plate as it prepares for its regular monthly meeting tomorrow. It's scheduled to approve a budget and set the fee schedule and overhead transfer rate that will fund NCUA's operations in 2016 and tackle field of membership rules, as well.

In one instance, a single complaint in the Consumer Financial Protection Bureau’s database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that’s par for the course, leading to inflated complaint numbers and inaccurate data.

The Federal Housing Administration's unexpected windfall is already generating industry talk about another premium cut by the agency — but FHA officials insist such discussion is premature.

Japanese card payment network JCB has received certification from Global Payments to accept the Japanese credit card company's EMV-card product.

Presidential contender Hillary Clinton was put on the defensive about her donations from large financial institutions in the second debate Saturday of candidates seeking the Democratic nomination.

The Dodd-Frank Act was supposed to end the regulatory advantages that came from holding a thrift charter. But in the case of USAA, it hasn't worked that way.

Robberies aren’t the only violence branches could potentially face.

In the aftermath of the National Credit Union Administration's new complaint procedures, the regulator is expanding the use of its Consumer Assistance Center.

MasterCard is extending its Zero Liability protection to cardholders and small businesses in all of its markets in an effort to recalibrate the program to match the realities of digital commerce.

Republican presidential candidates finally dug into financial policy Tuesday night, underscoring key differences over concerns about ‘too big to fail’ financial institutions and the possibility of future bailouts.

NCUA released a video recording of its October Administration Board meeting on Tuesday.

Lansing, Mich. – The Michigan Credit Union League & Affiliates (MCUL) announced that state legislators on the House Financial Services Committee unanimously passed a six-bill package that will update the Michigan Credit Union Act (MCUA) for the first time in more than a dozen years.

The federal regulator has unveiled a video outlining the framework and implementation process of its recently finalized rule on risk-based capital for credit unions.

Over the last several months much has been made about the New York BitLicense.