Compliance

NCUA Board Member J. Mark McWatters points to the agency’s rejection of proposals to revert to an 18-month exam cycle without any debate as further evidence of the need for public budget hearings and greater transparency from the regulator.

As the 2008 financial crisis fades into memory, it has become increasingly unlikely that any bankers or traders involved will see jail time. But while no individuals were ever charged with a crime, the feeling that the fat cats of the financial industry got away scot-free will affect the 2016 presidential race and beyond.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Less than 48 hours after NAFCU and the Cooperative CU Association each sent NCUA letters urging the regulator to return to an 18-month examination schedule, the agency scuttled the idea.

Not all government data collection is problematic. Some is actually good, and the facts about particular government data collection programs matter.

WASHINGTON – The Federal Housing Finance Agency on Wednesday officially increased the target for loans purchased by Fannie Mae and Freddie Mac that benefit affordable housing, but the uptick is not satisfying housing advocates.

The Consumer Financial Protection Bureau said Springstone Financial, acquired last year by Lending Club, misled borrowers into thinking loans carried zero interest.

Credit unions are pushing NCUA to revert back to an 18-month examination schedule.

The Payments Security Task Force and the EMV Migration Forum will offer educational materials about EMV-chip card payments, including templates of social media posts and hashtags; educational downloads that include visual aids and training guides; media interview tips; and more.

A look at how Dodd-Frank has really impacted the financial services industry, and what other forces are at play.

Illinois has signed two agreements to allow its state-chartered credit unions operate out of state.

ValueAct Capital Management, the activist fund run by Jeff Ubben, disclosed a new 1.1 percent stake in American Express Co.

The FDIC wants to enlist banks to help determine which customers are insured and uninsured, but some say the FDIC is passing what should be its responsibility on to the industry.

Indictments are still pending in the case of an alleged Bitcoin money laundering scheme involving a tiny low-income credit union in New Jersey.

Though one of the defendants in the case appeared in a federal court in New York earlier this week, no pleas have been entered in the illegal Bitcoin exchange with ties to a small, low-income CU in New Jersey.

In his first interview since taking over HSBC's U.S. bank late last year, CEO Patrick Burke contends that the U.S. bank could prove to be HSBC's hidden gem provided it focuses on multinational corporate clients and cooperates better with its global affiliates.

Compliance CUSO COMPASS 4 CUs LLC is celebrating its five-year anniversary this month with a modern twist — YouTube videos and hashtags.

Credit unions and banks alike are fighting back against a proposal by the Department of Education (ED) that would restrict how universities disburse federal student loan funds, arguing the agency has overstepped its statutory authority.

When the card networks' October deadline for EMV-chip card adoption arrives, things will likely have changed very little compared to how they are today.

The Payments U.K. council has delivered the first draft of the ISO 20022 payment messaging standard, fulfilling an earlier promise that it says will pave the way for a globally interoperable real-time payments system.