Compliance

The House Financial Services Committee continued its two-day vote of 14 financial reform bills, approving a variety of measures.

The Financial Services Committee is debating more than a dozen bills aimed at changing a wide swath of financial policies.

MasterCard is cooperating with a European investigation into its fees, though it is questionable that this process will have a widespread effect on interchange, according to MasterCard CEO Ajay Banga.

The Consumer Financial Protection Bureau is charging two companies affiliated with Western Union and Fidelity National Financial more than $38 million in total charges for allegedly steering consumers into a mortgage payment program that cost them millions of dollars in fees.

Two years after a Texas community bank's legal challenge to the Consumer Financial Protection Bureau's constitutionality was dismissed by a federal court, the case is back from the dead.

Participants at the 2015 Legislative Summit of the National Conference of State Legislatures (NCSL) here will be besieged by credit union messaging from a variety of CU trade groups.

Western Union announced that it will reinstate international remittances into Greece, after suspending them following the country's decision to shut down all banks amid a mounting debt crisis.

NCUA Chairman issues apology after telling House subcommittee that CUs raising questions about the size of her agency's budget are not representing the best interests of their members.

Protecting payment card data is a never-ending struggle, and the fraudsters are only getting more creative. So far this year several incidents and studies have demonstrated the evolving nature of cybercrime.

Credit union executives and stakeholders sound off on everything from NCUA wanting oversight of third-party vendors, auto loan growth, differentiation and more.

Bill would offer some protection to CUs and banks doing business with state-authorized marijuana merchants.

NCUA Chairman claims credit unions that question budget increases don't represent members' best interests.

Visa Inc. shares surged 7.5 percent after the world’s biggest payments network said it expects to complete discussions over a potential deal to acquire Visa Europe Ltd. by the end of October.

Decrease results from reduction in operating fund by $2.9 million to $276.5 million, but the board also increased capital budget by $1.6 million.

Just a day after the Dodd-Frank Act's fifth anniversary, Senate Banking Committee Richard Shelby launched a new attempt to make significant changes to the law, attaching his regulatory relief bill to legislation that would provide funding for financial services agencies.

Connecting disparate payment platforms is the Holy Grail of cryptocurrencies. The path to building such a system is not always clear, but must start at the core of the protocol.

Europe's clash over interchange rates is being spun into marketing gold by alternative payment companies like Seamless.

The Consumer Financial Protection Bureau named Meredith Fuchs, the agency's general counsel, to fill the bureau's No. 2 leadership soon to be vacated by Steven Antonakes.

TrustCo Bank Corp NY in Glenville, N.Y., has agreed to improve corporate governance, capital planning, internal auditing and other areas after federal regulators found the issues during an examination.

Discover Financial Services in Riverwoods, Ill., continued its run of quarterly profit declines in the second quarter, due primarily to higher costs for compliance, marketing and customer rewards.