Compliance

Google Wallet is making a significant change in how it handles funds, in the latest of a series of moves that gives Google a stronger footing against Apple Pay's rising tide.

NCUA Board Member Mark McWatters drew a big crowd to a discussion of regulatory relief during the Cornerstone Credit Union League's recent Annual Meeting here, so Credit Union Journal asked attendees what reg relief they would most like to see.

China's renminbi is quickly climbing the ladder of global acceptance, but many multi-national corporations are not prepared to accept cross-border payments using that currency.

American Express' financial performance is already suffering from the pending loss of its Costco card business in U.S., pressuring the company's focus on emerging payments technology to provide a financial lift to calm nervous investors.

WASHINGTON — President Barack Obama has tapped the acting head of the Treasury Department's anti-money laundering and terrorism office to lead the department permanently.

Hillary Clinton just kicked off her presidential bid, but progressives have already begun a campaign of their own to shape the financial policy debate ahead of the 2016 elections.

WASHINGTON — A flurry of activity on Capitol Hill in the last two days, has given credit unions a hopeful glimpse of the regulatory relief they have been seeking for years.

As financial institutions worldwide move to cut off relationships with industries that regulators consider risky, the few banks that serve these businesses are charging hefty fees for basic services.

The Payment Card Industry Security Standards Council released its 3.1 update to the industry's data security standards April 15 to address the payment data vulnerabilities of the Secure Sockets Layer encryption protocol.

WASHINGTON — Sen. Elizabeth Warren delivered a sweeping speech Wednesday aimed at what she's calling "the unfinished business of financial reform."

Visa Inc.'s Antonio Lucio, who oversees marketing, advertising and communications as chief brand officer, is leaving the company to join Hewlett-Packard Co.'s printer business.

AUSTIN, Texas — NCUA Board Member Mark McWatters said regulators must be willing to listen to the industry it regulates to be effective—but that doesn't necessarily mean regulators will listen to each other.

The Canadian government is extending its code of conduct for payment cards to any mobile transactions, while also assuring retailers that any savings from reduced interchange will be passed along to them.

Even small U.S. banks can end up doing business with institutions all across the world, but here are some jurisdictions were doing so is either outright forbidden or requires additional scrutiny.

The cost of complying with New York State's proposed BitLicense regulations would wipe out many smaller digital currency businesses. But there is a middle ground: placing those businesses under the supervision of a self-regulating incubator that would help them develop robust yet affordable compliance programs.

EBay Inc.’s payments division PayPal may face a lawsuit from the U.S. Consumer Financial Protection Bureau over some of the unit’s lending practices.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including thoughts on regulatory complexity, Jamie Dimon's defense of the megabank model, and how vulnerable banks really are to tech startups.

A new study reveals the pace of credit unions failures and closures has gone down since the beginning of 2014, and the report's author says it's a sign of a healthier CU industry.

Lyle Beckwith of the National Association of Convenience Stores argues that debit card interchange is unfairly high. But this argument ignores several key points.

The dialogue comes as the central bank is mulling a potentially momentous application by an upstart credit union that hopes to serve the marijuana industry.