Compliance

Mobile banking technology provider Monitise Plc has informed its shareholders that Visa Europe will reduce its investment in the company, but will complete a three-year commercial agreement to develop services and finish products.

The National Credit Union Administration has signed a five-year contract with the National Treasury Employees Union—which represents nearly 80% of the agency's work force.

Western Union, which last week suspended activities in Greece amid the country's debt crisis, has restarted some of its services.

Credit unions and CUSOs largely panned a recent report issued by the U.S. Government Accountability Office (GAO) that specifically called on Congress to authorize NCUA to examine credit unions' third-party technology providers, with one notable exception.

PayPal is putting a lot of effort into ensuring that the company that emerges from eBay ownership this month is a much different — and more powerful — creature than the one it has been until now.

While hiring a chief risk officer is a given at the big banks, smaller institutions must weigh several factors and options in determining the risk leadership model that works for them.

Since the growth of online retail, payments providers and acquirers have wrestled with the ethical questions and the risks surrounding gun sales, marijuana shops, pornography sites and other businesses that carry a stigma.

In a report on the need for financial regulators to improve their data security efforts, the U.S. Government Accountability Office called for NCUA to have the authority to examine credit unions' third-party technology providers.

On top of dealing with cyber threats and other potential dangers to banks, CROs are deeply involved these days in discussions over investing in new products and business lines.

BOK Financial has hired Glenn Brunker to oversee mortgage operations and manage the bank's transition to a new federally-required consolidated mortgage disclosure regime.

NCUA has scheduled two training events this summer, one on regulatory compliance and the other on federal contracting for minority and women business owners.

The former FDIC chairman said during a recent conference call that banks with a traditional model — essentially community banks — have been hurt by the Fed's interest rate policy and the trickle-down tactics of regulation.

Cyber threats or fraud may present bigger direct risks to banks, but many chief risk officers spend enormous amounts of time on the more tangible concern of keeping up with ever-growing regulatory expectations and requirements.

BancorpSouth in Tupelo, Miss., has again extended the deadline to complete its acquisitions of Central Community in Temple, Texas, and Ouachita Bancshares in Monroe, La.

Federal regulators have unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.

The ACHBanking payment processing gateway has added Office of Foreign Assets Control standards to its service to better comply with regulations for preventing fund transfers between parties on government watch lists.

In the aftermath of passage of a sweeping law like Dodd-Frank, sharp divisions are relatively common. What’s unusual is the way the divide has persisted five years later, and in many ways has even hardened.

A role many people did not understand less than a decade ago has become integral to how banks navigate a new set of postcrisis hazards.

American Banker Research conducted a detailed online survey of 49 risk management executives from our readership as part of the inaugural C-Suite Series. The respondents included risk managers from banks with over $10 billion in assets all the way down to institutions with less than $100 million in assets. Questions covered topics from where risk officers devote the most attention to what roles they see themselves taking on next. The survey reveals executives' significant focus on regulatory risk and that boards are being responsive to concerns raised by chief risk officers. Here are highlights from the research.

WASHINGTON — Federal regulators on Tuesday unveiled a much-anticipated tool meant to help institutions assess their own cybersecurity systems.