Compliance

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.

The agency's Semiannual Risk Perspective pinpointed compliance and operational risk as potential problems for big banks while it outlined a different set of challenges for midsize and community banks.

A new version of Point-to-Point Encryption (P2PE) guidelines to be published by the PCI Council today will allow retailers—for the first time—to be able to create and seek certification for their own P2PE system, addressing a longstanding retailer concern about the earlier rules locking them into certain vendor relationships.

NCUA has banned four individuals from working for a federally insured financial institution.

The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it's not a shield from possible enforcement action by the Department of Justice and other regulators.

Meta Financial Group in Sioux Falls, S.D., parent of MetaBank and Meta Payment Systems, is raising capital to fuel a future acquisition, and has renewed a significant prepaid card issuing relationship with NetSpend.

Alabama One CU file suit against the state regulator and other state officials alleging a conspiracy against the $613 million credit union.

One key test of banks' latest living will submissions, the first batch of which are due Wednesday, is whether the public portions of their plan are understandable to the public. If they aren't, regulators are ready to take tough action against institutions.

Payment technology provider Cayan says it has become one of fewer than 20 American companies to earn Level 2 EMV certification from standards governing body EMVCo.

Western Union says it will suspend money transfer services in Greece as the country deals with the government's decision to shut down all banks and the stock market for six business days.

Though the bulk of NCUA Debbie Matz's speech was scripted at NAFCU's annual conference, there were a few surprises.