Compliance

The New York State Department of Financial Services report recommended putting online lenders on a more equal playing field with traditional firms.

In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins.

The U.S. Securities and Exchange Commission is putting its weight behind allegations of insider trading that Heartland Payment Systems has levied against its former CEO.

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

The U.K.’s Rural Payments Agency has long been renowned for its inefficiencies in processing timely and accurate financial support payments to farmers across the country. But now industry figures expect Brexit will lead to an improvement in performance due to a loosening of the EU-driven bureaucratic regulations.

International banks are also having to adapt to a raft of regional payment and data regulations that impact their operations in certain territories significantly but in others only negligibly, according to Russell Bennett, chief technology officer of Fraedom.

The GDPR doesn’t mandate how data requests should be made, but it does say that organizations handling personal data should be prepared to handle the requests. One would be right to wonder whether companies are as prepared as they should be.

This week's ruling from a U.K. appeals court is the latest of many episodes in a battle between merchants and card brands that has influenced regulations, technology, market strategies and nearly all other aspects of the payments ecosystem.

The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.

India’s top court refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy.

The company continues to be restricted from pursuing acquisitions until the Federal Reserve lifts its enforcement order requiring it to strengthen anti-money-laundering controls.

Upon LMPOCU's liquidation, Commonwealth Credit Union assumed membership and all assets of the shuttered institution.

As Nvoicepay expands, the payment automation company is keeping an eye on how it may fall under European data rules that have a knack for requiring compliance even from companies that should be exempt.

Trade associations hail move that would push back implementation of risk-based capital rule to 2021.

The Supreme Court is tossing a wrench into online payment processing at a time when tariffs are already threatening popular cross-border e-commerce and online marketplaces.

Credit unions and the Consumer Financial Protection Bureau share a similar mission, so why does the CFPB continue to make it difficult for CUs to do business?

During NAFCU’s annual conference, a panel of experts highlighted some of the legal and regulatory changes that may still be in store for credit unions.

U.K.-based fintech Revolut has entered the Russian payments market through a partnership with Russian payments firm Qiwi, and announced plans to apply for a U.S. banking license.

Exchanges aren’t very transparent about their methods, but that in fact most handle such internal transactions exactly how regular banks have worked for centuries.

The settlement resolves one of several regulatory issues that have dogged the German bank's U.S. operations.