Regulation and compliance
Regulation
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Two top executives said the scandal-plagued bank has managed to minimize the financial damage and can continue to grow amid some reforms. Yet they acknowledged that the full toll has yet to be realized, and the company announced it had significantly raised its estimated legal exposure.
November 3 -
We asked experts in the payments industry what business issue they would like to eliminate in the year ahead. Here is what they had to say.
November 3 -
Even if the court does dismiss the suit, the banking trades are widely believed to be prepping another lawsuit against the regulator, this time attacking the recently approved updates to NCUAs field of membership rule.
November 2 -
The regulators settlement with Nomura is tied to the failures of two corporate credit unions, though Nomura did not admit fault as part of its settlement.
November 2 -
The former chairman of the failed Premier Bank in Wilmette, Ill., was sentenced to five years in prison after he pleaded guilty to defrauding the Treasury Department's Troubled Asset Relief Program.
November 2 -
The Consumer Financial Protection Bureau and the New York Attorney General filed a lawsuit Wednesday against two New York debt collectors for deceiving and harassing millions of consumers to pay inflated debts.
November 2 -
If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.
November 2 -
A lot of analytical horsepower is being spent on what will happen to the markets after the election, but it seems to make more sense to talk about what will not change for consumers, investors and financial institutions.
November 2 -
While much of the focus on chip cards is rightly placed on security, there's also a relationship building factor as consumers become aware of the benefits.
November 2 -
If Sen. Sherrod Brown becomes chairman of the Senate Banking Committee, he is likely to focus on toughening rules on the biggest banks, conducting oversight of scandals like the one at Wells Fargo and granting regulatory relief to smaller institutions.
November 1 -
Progressives are already pushing Democrats to appoint another Wall Street reformer to the Banking Committee if they win back the Senate, but other considerations, including the 2018 midterms, will play a significant role in who is chosen.
November 1 -
Qualifying institutions can receive assistance from NCUAs Office of Small Credit Union Initiatives.
November 1 -
We asked experts in the payments industry what business or economic advice they would give to the next president of the United States (regardless of who wins in November). Here is what they had to say.
November 1 -
Open source development has joined blockchain technology in a bid to take a bite out of banks' long-standing control over the international payments market.
November 1 -
The new standard protects competition for businesses and issuers of all sizes, and should not be repealed.
November 1 -
The new cryptocurrency allows users to selectively disclose information about their transactions to authorized parties without exposing it to the world. That feature could make blockchains more appealing to financial institutions, but maybe less so for regulators.
October 31 -
WASHINGTON -- In a speech defending his support of Republican presidential nominee Donald Trump, PayPal co-founder Peter Thiel faulted both major parties for letting recent financial bubbles occur under their watch.
October 31 -
NCUA banned five former credit union officials from the industry for convictions tied related to embezzlement, grand larceny, falsifying business records and other crimes.
October 31 -
The world's third-largest bank hasn't given up on bitcoin.
October 31 -
As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.
October 30








