Compliance

ALEXANDRIA, Va. — NCUA on Friday said it issued three orders in October prohibiting the following individuals from participating in the affairs of any federally insured financial institution.

Despite the NCUA chairman’s insistence against extending the examination schedule, credit union advocates expressed optimism about the agency’s commitment to making the process less painful.

Two days after new mortgage disclosure forms were required, one small lender called its technology vendor to ask why the software had changed—a sign that not everyone was as prepared as they could have been.

Given the seemingly constant flow of new compliance issues, it may be hard for CUs to feel like things have 'calmed down,' as experts suggest they have—but that won't last very long, they warn.

NEW HAVEN, Conn. — The third quarter of 2015 brought 70 new compliance items to credit unions, requiring 2,231 pages to process and expenditure of $29,145, according to advisory firm Continuity.

Rep. Paul Ryan’s election as House Speaker may ultimately prove a boon for credit unions as well as banks – here’s why.

Republican presidential candidates managed to get in several barbs over banking policy during the party's primary debate on Wednesday night, largely aimed at the Federal Reserve and government more broadly.

Have consumers benefited from the Durbin amendment? Unfortunately for opponents of the Dodd-Frank Act provision that capped debit swipe fees, no one is qualified yet to answer that question.

Executives at small banks and credit unions told the Senate Banking Committee about horror stories of technical glitches, vendor delays and overworked appraisers, while expressing an interest in having more time to comply with new mortgage rules.

Sen. Elizabeth Warren, the founder of the Consumer Financial Protection Bureau, appeared alongside Director Richard Cordray on Wednesday during a rare joint appearance to discuss politics, financial products, and breaking up the big banks.

With the first three weeks under their belts, credit union executives discuss the issues they’ve run into trying to comply with the new disclosure rules.

The Senate approved a key cybersecurity bill Tuesday after several days of debate on the chamber floor — and several years of lobbying by business groups, including bankers.

Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.

Rep. Paul Ryan’s expected election as House Speaker this week may ultimately prove a boon for the financial services industry – especially for critics of the Dodd-Frank Act and the current mortgage finance system.

NCUA its monthly board meeting schedule for 2016.

The financial condition of the Federal Housing Administration’s mortgage insurance fund has improved “significantly” over the past year, Department of Housing and Urban Development Secretary Julian Castro predicted late Monday.

The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of penalties against international banks and at times raised hackles in foreign capitals.

Michigan CU League CEO Dave Adams says the league is making real progress on getting pro-credit union legislation through the state legislature.

Consumer Financial Protection Bureau Director Richard Cordray issued a public rebuke of RushCard on Friday, warning that it must rapidly fix technical glitches that have left customers locked out of their accounts.

WASHINGTON — Two senior Democrats are urging congressional leaders to block financial policy riders from a yearend budget deal, including Sen. Richard Shelby's sweeping regulatory reform package.