Compliance

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.

Democratic candidate Hillary Clinton's financial reform plan is far less ambitious than other Democrats' proposals but would still be a tough sell in a Republican-controlled Congress.

CPI Card Group Inc., which makes payment cards for lenders including Bank of America Corp. and American Express Co., cut the size of its initial public offering for a second time to $150 million and pared its share price amid choppy equity markets.

The House voted 303 to 121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3.

Credit card networks and issuers have done a poor job in explaining the implications of the just-passed Oct. 1 deadline for moving to EMV chip-and-PIN cards, leaving many small businesses confused, lawmakers said Wednesday during a hearing on Capitol Hill.

Banks say the Consumer Financial Protection Bureau plan to ban arbitration clauses for individual claims will aid trial lawyers, while consumer advocates say the move is overdue and may not go far enough.

Fifth Third Bancorp has agreed to pay nearly $85 million to settle fraud charges related to undisclosed defective Federal Housing Administration-insured loans.

The Consumer Financial Protection Bureau’s impending proposal, to be reviewed by a small business advisory panel, would block companies from using arbitration clauses to avoid class actions but allow them for individuals.

It may not be an outright ban on arbitration clauses, but the Consumer Financial Protection Bureau’s impending proposal to enable more class-action lawsuits comes close.

The Consumer Financial Protection Bureau's impending proposal, to be reviewed by a small business advisory panel, would block companies from using arbitration clauses to avoid class actions but allow them for individuals.

Charleston, S.C. -- A devastating “once-in-a-thousand years” storm has led to the closing of various credit union branches in the most heavily affected parts of South Carolina.