Compliance

Nearly 20 trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide guidance on how they plan to enforce a new mortgage disclosure regime that goes into effect Oct. 3.

Congress will kick off a busy session on Tuesday when lawmakers return from summer break, with a number of key financial services priorities up for consideration.

Regulators are insisting that bank boards take responsibility for corporate culture. That's no cause for alarm, so long as directors are prepared to take ownership of the issue.

The Financial Crimes Enforcement Network's enforcement action against Ripple Labs sent a clear message to the cryptocurrency industry about regulators' high expectations for compliance. Such actions will help clear the way for banks to partner with blockchain technology firms down the line.

The credit union regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, with a vast majority opposing any changes.

The credit union's regulator received nearly 3,100 comment letters tied to plans to loosen restrictions on business lending, and despite the proposal's popularity among credit unions, the majority of letters opposed the changes.

Some suggest CUs should be concerned about NCUA Chairman Matz' proposal because it lacks formal, annual accountability that would come with being a rulemaking under the Administrative Procedures Act.

The Federal Housing Administration is reissuing a loan certification proposal that has sparked industry concerns that it will make it easier for the Justice Department to sue lenders when they file claims for agency-insured loans that go into default.

More than half of real estate agents are planning to extend their sales contracts to provide more time for the closing processing due to the coming implementation of new mortgage disclosures.

Symphony, the instant messaging service supported by fifteen large banks, says it will be ready to roll on Sept. 15 despite the objections of Sen. Elizabeth Warren and regulators who fear its encryption technology will impede supervision.

Pillsbury Winthrop Shaw Pittman LLP has named Marco Santori to head a team at the lawfirm that's focused on digital currency and blockchain technology.

Linda Juhan and Karen Zunk-Wolf received the orders from the NCUA and will be prohibited from participating in the affairs of any financial institution that is federally insured.

Though a recent poll shows strong support among credit union professionals for Donald Trump's presidential candidacy, analysts caution that opinions could change greatly by the time the 2016 election rolls around.

In the digital age, financial data is both a commercial tool and a means of detecting criminal activity. This leaves multinational financial institution issuers, especially those that operate in both the United States and the European Union, at risk for fines and litigation.

After years of heated debate, NCUA Chairman Debbie Matz has announced the federal regulator will open up the methodology it uses to calculate the OTR to public comment. Here, CU Journal offers a look at how and why OTR was created, and how we got to this point.

The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.

A data breach-related court case involving Wyndham hotels and new Defense Department rules governing contractors provide banks some dos and don'ts in bringing vendors' security practices into line.

The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.

ALEXANDRIA, Va. — NCUA Chairman Debbie Matz said the agency will formally invite credit union stakeholders and the public to comment on the methodologies for calculating both the overhead transfer rate and the federal credit union operating fee.

The Iowa Credit Union Division on Friday was granted authority by a District Court to place SCICAP Credit Union, based here, into receivership.