Compliance

NCUA on Wednesday published details on six prohibition orders it issued in December, barring individuals from working at federally insured financial institutions.

NCUA released a video Monday aimed at educating executives about field of membership options available for federal credit unions.

NCUA warned credit unions about the risks of providing account services to money services businesses (MBSs) in a December supervisory letter and offered guidance to institutions that chose to do so.

Visa and MasterCard halted services in Crimea after a new round of U.S. sanctions, according to multiple reports.

2014 was a big year for payments. Disruption came from within the financial services industry and from outsiders like Apple and Walmart. Mainstream payment companies had to respond to these new competitors as well as adapt to fresh attention from regulators and fraudsters.

Charlie Shrem, the former Bitcoin Foundation Inc. executive who pleaded guilty to charges tied to the illicit online bazaar "Silk Road," was sentenced to two years in prison by a judge who rejected his bid to remain free and "change the world."

WASHINGTON — End-of-year lists are all about the show-stoppers, and nothing stopped the show like NCUA's proposed rule on risk-based capital.

The Financial Crimes Enforcement Network, a division of the Treasury Department, has assessed a $1 million civil penalty against MoneyGram International's former chief compliance officer.

Benjamin Lawsky, New York's top financial regulator, sharply criticized banks for their failure to speed up the payment system, warning that the government may step in if they continue to lag behind.

It’s clear that merchant acquirers and processors need to find a way to provide a fast, scalable and merchant-friendly certification path to EMV.

The Consumer Financial Protection Bureau's lawsuit against Sprint Corp. is likely to be a test case for whether it has the power to oversee telecommunications firms.

New York financial regulator Benjamin Lawsky revised his proposal for policing virtual-currency companies to eliminate some rules that Silicon Valley claimed would crush the fledgling industry.

ALBANY, N.Y. — Gov. Andrew Cuomo signed into law legislation allowing state-chartered credit unions to combine select employer groups, associational and community groups into a single field of membership at the same time, according to the New York Credit Union Association (NYCUA).

State money transmitter licensing laws are among the most important rules that address the dangers posed by payments, especially in the non-bank payments area.

The Consumer Financial Protection Bureau filed a lawsuit against Sprint Corp., alleging it illegally processed improper third-party billing charges – marking the first time the agency has pursued a telecommunications firm.

More than two dozen Senate lawmakers signed a letter this week urging the Federal Housing Finance Agency to drop its proposal to tighten Federal Home Loan Bank membership rules.

One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.

A federal monitor is investigating whether Ocwen Financial is treating borrowers fairly after a whistleblower said the company may have improperly influenced which mortgages were picked for a compliance review.

The Consumer Financial Protection Bureau has its sights set on prepaid and debit cards offered to college students as such products are filling the gaps left by credit card issuers which have largely left the space, according to a study released by the agency Dec. 15.

The KYC Registry is the next flagship in financial crime compliance, delivering on our commitment to provide community-wide solutions for the industry, says SWIFT CEO Gottfried Leibbrandt.