Compliance

In its Thursday board meeting, the regulator extended the interest rate limit, and announced a plan to spend $675,000 on cybersecurity improvements, among other measures.

The Trump administration's isolationist policies are slowing the flow of foreign students to American universities, and thus may hurt companies that rely on cross-border tuition processing to American corridors.

The regulator’s move comes as Congress is considering legislation that would offer credit unions an even lengthier delay.

The agreement was likely the last of the big cases to be cleared by the Justice Department, and Wells paid less than its peers did to resolve the lingering mortgage probes stemming from the meltdown.

London-based fintech Flux is leveraging open banking and PSD2 to work with U.K. banks and retailers to give their customers paperless receipts, digital loyalty stamps and digital cashback offers.

In the months since President Trump’s America First policies forced China's Ant Financial to abandon a proposed deal to buy Dallas-based MoneyGram, the U.S. company has forged other key partnerships to build a global digital remittance network.

In a win for bankers, a new state law is forcing major changes at two Iowa credit unions – and analysts say CUs in other states could face the same fate.

The U.K.’s Food Standard Agency completed its first successful blockchain pilot this month, with plans to expand the test in August.

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.

JetStream FCU’s Jeanne Kucey says her greatest goal as NAFCU board chair is regulatory relief for credit unions, and she'll do whatever she can to achieve that in the year ahead.

Mark Horwedel, the outgoing Merchant Advisory Group CEO, wasn't always on the merchants' side. Through much of the 1970s through 1990s, his career path placed him firmly in the world of bankers.

Mastercard's strong performance is dampened by threats from trade disputes and Brexit, both of which could cause the company pain in the future.

In a 2015 enforcement action, the San Francisco Fed said it had identified problems with the Pasadena, Calif., bank’s BSA and anti-money-laundering compliance programs.

A letter from 19 state attorneys general calls on the Department of Justice to issue regulations that "provide needed clarity" for institutions targeted in ADA-related law suits.

Mastercard and Worldpay are embarking on a strong push to promote Mastercard's Pay by Bank system, which will likely face a deluge of competition under the updated Payment Services Directive (PSD2), which took effect this year.

India's regulatory approach shows it's serious about supporting myriad international payment technology plays, in contrast to China's doing the bare minimum to satisfy international pressure for openness.

CUNA and NAFCU have asked the bureau to stop publishing consumer complaints and allow NCUA to handle that process for credit unions.

Overreliance on the smartphone risks mistaking device authentication for user authentication.

As technology advances for business-to-business or cross-border transactions, the accompanying messaging standard must evolve at the same rapid pace.

The Canadian government is consulting with the country’s banking industry on opening up Canada’s payments infrastructure to nonbank payment service providers and fintechs, in a far-reaching move to spur innovation and competition.