Illinois Governor Bruce Rauner has signed two pieces of credit union-friendly legislation this summer amending the Illinois Credit Union Act and the state's Labor and Storage Lien Acts, effective immediately.

Call Report data shows a loss of more than $300,000 during the first two quarters of this year, following losses in 2014 and 2015.

The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the U.S. Department of Housing and Urban Development (HUD) over lending issues.

The Consumer Financial Protection Bureau's choice for its new head of supervision and enforcement — the No. 3 slot at the agency — is raising eyebrows because of his political background and relative inexperience compared with similar positions at other regulators.

Congress and CU trade groups have questioned the CFPB on its interpretation of the Dodd-Frank Act's exemption authority, claiming the regulations have increased unnecessary burdens on credit unions and restricted services for consumers. The CFPB has fired back, stating the issue was addressed when Dodd-Frank was passed six years ago.

California state lawmakers have dropped plans for legislation this year to create a new license for bitcoin companies.

Roughly 73% of donations from commercial banks' political action committees are going to Republicans in this election cycle, the most tilted toward one party by the banking industry in recent memory. Here's why.

Industry trade groups react to call report modernization proposal and the CFPB posts a public comment request regarding TRID changes.

Investors Bancorp in Short Hills, N.J., has joined the ranks of banks flagged by regulators for Bank Secrecy Act issues.

Banks and industry representatives are asking whether the proposed long-term liquidity rule properly takes into account the risk profiles of certain assets, the interaction with other liquidity rules, and even whether the regulation is needed at all.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

A federal judge in California approved a $2.4 million settlement in a class- action lawsuit against Social Finance, a San Francisco-based online lender.

The meeting was requested by representatives from the Credit Union Association of the Dakotas, but also included community bankers.

Those wanting to break up banks act as though policymakers had no regulatory response to the crisis, but here’s an illustration of how actual reforms would have prevented a large failure.

The Consumer Financial Protection Bureau has met the requirements for convening small-business review panels, though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said Wednesday.

The Consumer Financial Protection Bureau has met the requirements for convening small-business review panels, though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said Wednesday.

Texas regulator last accredited in 2011

Synovus Financial in Columbus, Ga., has agreed to pay nearly $9 million to settle lawsuits that claim the company knew of illegal transactions by one of its clients.

WASHINGTON — The Dodd-Frank Act of 2010 has not had a negative impact on community banks, contrary to assertions by Republicans and many bankers, according to a group of White House economists.

A single paragraph in a lawsuit filed by the Consumer Financial Protection Bureau is sparking fears by third-party payment processors that the agency is quietly and significantly expanding its authority over the industry.