Compliance

NCUA said it is building a new risk-based capital framework tailored to protect the industry from losses.

ARLINGTON, Va. – The National Association of State Credit Union Supervisors (NASCUS) has told NCUA it will not support a proposed derivatives regulation in its current form as the proposal would limit the authority of state regulators to supervise derivatives activities in their states.

Visa Inc., which operates the world's biggest electronic-payments network, was sued by Wal-Mart Stores Inc.'s Asda unit, William Morrison Supermarkets Plc and Arcadia Group Plc over payment-processing fees.

Payroll card provider ADP is updating its technology to provide greater visibility into users' financial health at a time when payroll cards face fresh scrutiny over costs to users.

MasterCard Inc., in a conference call today to discuss the European Commission's proposal to cut card fees paid by retailers, says it supports increasing competition but warns the proposed regulation could have unintended consequences.

In what its president says could be a "watershed event" in the debate over EMV debit transactions, the Secure Remote Payment Council has softened its stance to welcome Visa and MasterCard applications on EMV-chip cards.

The U.S. should follow the model that worked for the U.K. in its "seamless, coordinated" transition to the EMV-chip card standard seven years ago, Auriemma Consulting Group states in a new report.

Banks face caps on the card fees they can collect on Visa Europe Ltd. and MasterCard Inc. transactions as the European Union seeks to slash charges imposed on retailers by 6 billion euros ($8 billion) a year.

The U.S. Securities and Exchange Commission sued a Texas man over claims he operated a Ponzi scheme involving Bitcoin, the virtual currency that has recently attracted investors including Tyler and Cameron Winklevoss.

Canada's Competition Tribunal dismissed a case against MasterCard Inc. and Visa Inc. over rules that require merchants to accept credit cards with higher fees without imposing surcharges.

WASHINGTON – The Senate introduced a bill this afternoon that would bar credit unions and banks from reordering customer payments so as to create the most overdrafts, a practice known as batching.

The federal government says it may build databases of credit card transactions, hotel records and Internet searches as part of counter security measures.

The Federal Trade Commission's recent lawsuits against two independent sales organizations for alleged violations of the Telemarketing Sales Rule may be the "tip of the iceberg" of regulatory action against the acquiring industry.

ALEXANDRIA, Va. – NCUA Board Chairman Debbie Matz on Thursday said while she is pleased with macroeconomic developments and their positive effects on credit unions, she has several concerns.

ALEXANDRIA, Va. – NCUA on Thursday announced a realignment of the agency’s regional supervision of federally insured credit unions in nine states, effective Jan. 1, 2014.

ALEXANDRIA, Va. – The NCUA Board at next week’s monthly meeting will discuss proposed standards for assessing the diversity policies and practices of credit unions.

After years of government and telco-backed testing of contactless mobile payments in France, a major bank is ready to provide a significant boost to the country's Near Field Communication project.

American Express does not expect the discount rate it charges merchants to fall under the jurisdiction of regulations being considered by the European Union to place caps on interchange fees.

AUSTIN, Texas – The Texas CU Department on Wednesday said it will start telling state chartered credit unions their state CAMEL code beginning in September.

Banks and payment card providers would face caps on the transaction fees they can demand from retailers under European Union plans to rein in charges that have been attacked by regulators as anticompetitive.