Compliance

Comptroller of the Currency Thomas Curry praised the House for passing a bill to raise the asset threshold to qualify for an 18-month exam cycle to institutions with less than $1 billion of assets, and urged the Senate to follow suit. Meanwhile NCUA, which already has the authority to extend its exam cycle has steadfastly refused to do so.

The National Credit Union Administration struck a cautiously optimistic tone in its latest "economic update" video, posted on YouTube Monday.

ALEXANDRIA, Va. — NCUA announced it has entered into an agreement under which investment bank Barclay's Capital will pay $325 million to resolve claims arising from losses related to the purchase of faulty residential mortgage-backed securities by corporate credit unions.

Even if Operation Choke Point officially ended, U.S. regulators have continued to apply the policy of threatening investigations and ruinous fines against banks that service "high-risk" customers in disfavored industries.

ALEXANDRIA, Va. — NCUA on Friday said it will host an in-person open forum for credit union stakeholders at the agency's Central Office from 10 a.m. until noon, Eastern Daylight Time, on Oct. 30.

NCUA staff is already working on a new regulation that would easing access to capital, something many CUs have suggested should have happened before — or at least the same time as — RBC was established.

Bankers are increasingly concerned that an optional cybersecurity assessment tool released by regulators this summer could soon become mandatory.

NCUA on Friday placed tiny Helping Other People Excel Federal Credit Union of Jackson, New Jersey, into conservatorship. The move comes on the heels of the CU being embroiled in an alleged Bitcoin money laundering scheme.

Financial instituitons are increasingly concerned that an optional cybersecurity assessment tool released by regulators this summer could soon become mandatory.

The Federal Reserve Bank of Chicago has promoted Shonda Clay to executive vice president and product manager, a role in which she will also support the Fed's faster payments initiative.

After five years of stop-and-go study, three drafts and a hotly contested debate that failed to resolve the fundamental question of whether it possesses the authority to act, the three-member National Credit Union Administration Board of Directors passed a controversial risk-based capital plan in a split vote Thursday.

New York's state banking regulator may have set down rigorous guidelines for the Symphony online messaging service. But will the rules actually work, and will other agencies will adopt similar guidance?

Regional banks did a much better job of expanding revenue than their megabank counterparts in the third quarter, but they had to spend more to do so and risk angering investors in a tight-margin environment.

When Netflix announced that its new U.S. subscriber count had declined 10.2% year-over-year, it blamed the "ongoing transition to chip-based credit and debit cards." And the video-streaming company may not be the only victim of this phenomenon.

U.S. Bancorp reported third-quarter profit that matched analysts’ estimates as expenses rose.

House Financial Services Committee Chairman Hensarling slammed NCUA’s decision to move forward with a final rule, even as Congress is considering a bill that specifically would delay any action on RBC, ‘deeply troubling.’

It has been more than a year since Monterey CU submitted paperwork to become a state-chartered bank. So what's the holdup?

The Democratic presidential candidates sparred over Wall Street reform Tuesday evening, debating how to best tame the banking industry roughly seven years after the financial crisis.

As if there were not enough unanswered questions about efforts to pass regulatory relief legislation, the sudden turmoil in the Republican House leadership this week adds another fresh layer of uncertainty.

Outside experts have been left wondering what kinds of controls firms that offer daily fantasy sports contests are putting in place to prevent them from becoming money laundering hubs — and how careful banks should be when doing business with them.