Compliance

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.

Furthering efforts to bring virtual currency mainstream, cryptocurrency companies and trade groups are teaming up to create a forum to aid law enforcement in weeding out criminal activity.

The head of the Consumer Financial Protection Bureau warned software vendors that they face new scrutiny from regulators for causing mortgage lenders to miss the TRID-compliance deadline. He was vague about how far the CFPB might go, but many in the industry are prone to fear the worst.

Fourteen federally insured credit unions subject to civil monetary penalties for filing late Call Reports have consented to penalties, NCUA said Wednesday.

Democratic presidential candidate Sen. Bernie Sanders is backing a plan to allow the U.S. Postal Service to provide banking services.

Private mortgage insurers are seeking a larger share of the credit risk on Fannie Mae and Freddie Mac-guaranteed loans.

Credit Agricole agreed to pay $787 million to U.S. regulators and enter into a deferred prosecution agreement with the Justice Department to resolve allegations the French bank violated sanctions aimed at Iran and Sudan.

Bank of New York Mellon won final approval of a $180 million settlement with investors who claimed they lost money amid allegations the bank had defrauded clients in foreign-exchange transactions for as long as a decade.

A federal appeals court has dealt the retail sector a setback in the ongoing fight over surcharges on credit card purchases.

The government's spotlight on servicing problems means companies should be taking steps now in the face of regulators' current enforcement authority and the potential of coming rules.

Mortgage servicers have gotten a rare reprieve from the Federal Housing Administration.