Compliance

ALEXANDRIA, Va. – NCUA on Tuesday said it is making a variety of changes to its examinations process, including a requirement that its examiners follow up with credit unions on all issues raised in a document of resolution (DOR) within 120 days after the exam.

Ukash provides its online payments services in 55 countries with more than 420,000 locations worldwide. But it has so far steered clear of the U.S.

The governors of Washington and Colorado called on NCUA and bank regulators last week for guidance on their states' newly-legal marijuana trade, as legislation in Congress to legalize pot banking is stalled.

A New York law banning merchants from surcharging customers to make up for credit-card swipe fees was halted by a federal judge who ruled the statute is unconstitutional.

The only way for the payments industry to thwart future hackers is to create a system that can adapt quickly to unanticipated threats – but many companies still struggle with the costs of handling their basic security needs.

WASHINGTON – The governors of Washington and Colorado called on NCUA and bank regulators yesterday for guidance on their states’ newly-legal marijuana trade, as legislation in Congress to legalize pot banking is stalled.

Credit card issuers are charging less in penalties and doing a better job of disclosing previously hidden fees, according to a report by the Consumer Financial Protection Bureau.

Several political candidates have begun accepting bitcoins for campaign contribution—but the future of this practice hinges on a Federal Election Commission decision coming by October 28.

WASHINGTON – The Department of Housing and Urban Development announced it has reached agreements to settle two Fair Housing Act complaints against CMG Mortgage Insurance Company, the nation’s largest provider of private mortgage insurance to credit unions, over coverage for a borrower on maternity leave.

New York's top banking overseer said any regulation of the nascent Bitcoin industry has to include transparency on who does the trading of the virtual currency, and if that hurts a business dominated by anonymous transactions, "so be it."

Because third-party processors are on the hook for losses from fraudulent transactions, they have as much interest in eliminating bad actors as anyone.

The PCI council continues to expand its reach, with the intent of remaining a strong guide for data security well into the future.

Democratic lawmakers including Senator Elizabeth Warren today demanded that eight U.S. banks produce information about agreements they may have with colleges to encourage students to use their products.

As payments technology evolves, some are urging the Federal Reserve Board to take a leadership role in establishing guidelines and standards — whereas others are quick to argue against the notion.

Visa Inc. and MasterCard Inc. won a tentative court ruling they don’t infringe a patent owned by SmartMetric Inc., a technology development company that seeks $13.4 billion in damages.

WASHINGTON – NCUA and the banking regulators on Tuesday issued a new directive saying if credit unions or banks suspect financial exploitation of one of their elderly members/customers they can report the suspected abuse without violating the consumer’s privacy under Gramm-Leach-Bliley.

Few people ever sympathize or even empathize with federal and state regulators when it comes to compliance.

In addition to NCUA's proposal to stress test large credit unions, the agency is also rolling out new initiatives related to investigating fraud.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.

Groupon Inc. lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.