Legal issues and news

Industry trade groups, which have been active in fighting lawsuits that allege violations of the Americans with Disabilities Act, hailed the decision.

Both CUNA and NAFCU have responded to the bureau's request for input by raising concerns about cybersecurity, public complaints and more.

Despite strong performance in the industry overall, analysts expect regulators to shutter more institutions in the years ahead.

With a divided Congress in place, policymakers will face challenges in passing major financial legislation this year. But there are still a number of core issues set to be debated.

A Colorado businessman's request for a preliminary injunction to stop the bank from using the name “Erica” has been denied. The overall case could still go to trial, but skeptical comments by the judge suggest BofA will likely prevail.

Two former credit union employees were banned as the result of theft and other claims from the NCUA board.

The rise of contactless cards could eclipse mobile payments adoption, experts predicted, while evolving fraud threats may give rise to increased account controls for consumers.

The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more.

Linda Levy, CEO of Lower East Side People's Federal Credit Union, has no regrets about suing President Trump when he appointed Mick Mulvaney to run the CFPB, despite some negative reactions from her credit union colleagues.

Financial institutions would be wise to use the end of 2018 as an opportunity to ensure their cyber defenses are beefed up for new threats next year.

As more states permit medical or recreational use, and legal uncertainty persists at the federal level, CUs' decision whether to do business with marijuana firms is trickier than ever.

The Lafayette, La.-based credit union was accused of firing an employee who complained about a training video with racially offensive content.

The alleged supervisory lapses occurred over a five-year period, according to the regulator.

The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.

There are steps financial firms can take to protect their customers in the event a major wireless network is compromised, including reconsidering the use of SMS messaging for account authentication.

Utilizing AI and automation will help stop hackers and reduce repetitive jobs, allowing institutions to save money and reinvest more into products for members.

From making cybersecurity a priority to enhanced biometrics, here's what's on the industry's wish list this holiday season.

CBTX said an unauthorized person obtained personal information for about 7,800 customers.

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.