Compliance

The Consumer Financial Protection Bureau on Friday announced four appointments to the agency’s leadership team

Starbucks, which handles 16% of its in-store sales as mobile payments, is looking to push that number even higher. Its evolving strategy combines its mobile app, its gift card and its rewards program into a powerful package.

MasterCard will remove the current block on U.S.-issued card transactions in Cuba starting March 1, 2015.

The consumer bureau and Maryland's AG allege the loan officers received consumer data and other services in return for business referrals.

ALEXANDRIA, Va. — NCUA will collect $12,820 in penalties from credit unions that filed late Call Reports in Q3 2014, the regulator said in a statement released Thursday.

BB&T plans to add more than $20 billion in assets this year through three pending acquisitions. Management, which believes it should have no problem getting its deals approved, has started to improve how it monitors its liquidity capital ratio before new thresholds kick in.

With dueling legal opinions on NCUA's authority to implement a multi-tiered risk-based capital rule, the regulator could be facing a lawsuit.

Credit union system stakeholders responded strongly to the risk-based capital rule NCUA's Board proposed in January 2014. The agency received more than 2,000 comment letters, and Chairman Matz and staff heard more comments at a series of listening sessions last spring and summer.

The Consumer Financial Protection Bureau has finalized tweaks to a mortgage disclosure rule set to take effect later this year.

Fulton Financial in Lancaster, Pa., reported lower quarterly earnings that reflected the costs of complying with a regulatory order.

For U.S. banks, the days of playing defense with respect to the billions of dollars they collect when consumers swipe their debit cards may finally be over.

NCUA needs to work harder to prove its legal authority to issue a risk-based capital rule, to show that the rule is really needed and to make it the least intrusive and best possible for the credit unions they regulate and insure.

Industry stakeholders are hunkering down to go through NCUA's revised proposed rule on risk-based capital, but at first blush, response has been largely positive, even though the two primary CU trade groups still believe the rule simply isn't necessary, revised or not.

U.S. travelers may soon be able to hop on flights to Havana, but it will take much more time for the banking industry to feel the full impact of the Obama administration's new rules on economic links with Cuba.

The former head of the bankrupt Mt. Gox Co. bitcoin exchange was originally believed by U.S. investigators to be the secret mastermind behind the Silk Road online drug marketplace, an agent who infiltrated the website told jurors at the trial of the man prosecutors now accuse of running it.

The Obama Administration's issued looser rules Thursday for transactions in the small island nation, but banks still face impediments.

Under pressure from Congress and credit unions, the NCUA significantly dialed back its proposal to institute risk-based capital requirements, raising the threshold of which institutions must comply and softening other provisions.

The Consumer Financial Protection Bureau said Wednesday that it was seeking comment on a so-called "safe student account scorecard" that colleges could use to see how financial institutions structure the fees, features and "sales tactics" of financial products to students before forming a partnership.

A federal agency's plan to tighten membership rules for Federal Home Loan banks would hurt community banks and credit unions — and could endanger the financial system, according to a broad array of stakeholders, including state regulators, lawmakers and institutions.

The Consumer Financial Protection Bureau is considering releasing a tool that would show schools exactly how much financial institutions will charge borrowers for providing certain account services on campus.