Regulation and compliance
Regulation
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The pace of new regulations appears to be slowing slightly in 2016, but that does not mean the regulatory burden on credit unions is lessening.
March 2 -
The Consumer Financial Protection Bureau on Wednesday ordered online payment processor Dwolla Inc. to pay a $100,000 fine for deceiving customers about its security practices the first action it has taken related to data security.
March 2 -
NCUA Board Member McWatters nomination to Export-Import Bank must go through Senate Banking Committee, which the senator chairs.
March 2 -
In almost any other election cycle, bankers would be celebrating the fact that a Republican candidate has emerged so far in front of the pack and would quickly fall in line behind him. But this has been anything but a normal election cycle, and there are a whole host of reasons that bankers will be at least as reluctant to embrace the outspoken businessman Donald Trump as the Republican establishment has been.
March 1 -
Bankers are still grappling with vendor software problems, longer processing times and delays in mortgage closings as a result of new disclosures that went into effect four months ago, according to a new survey by the American Bankers Association.
March 1 -
WASHINGTON The House Financial Services Committee will hold a vote Wednesday on a credit union-backed bill that would provide regulatory relief for financial institutions that are not considered systemically important.
March 1 -
The mortgage servicer said it has received letters from the Securities and Exchange Commission regarding separate probes into its collection practices and fees.
March 1 -
National Credit Union Administration announces the Temporary Corporate Credit Union Stabilization Fund received its seventh consecutive "clean" audit opinion.
March 1 -
Sunstate Bank in Miami has been released from an enforcement action that had required it to strengthen its anti-money-laundering controls.
March 1 -
Estimates of nonbank mortgage providers that will close or change hands should worry consumers and policymakers about access to credit.
March 1 -
WASHINGTON A bank regulatory relief plan put forward by Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig is getting support in the House.
February 29 -
First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.
February 29 -
There are good, bad and ugly stories about how marijuana entrepreneurs deal with taxes and other financial management issues while having little access to banking services.
February 29 -
NCUA issued its prohibition orders for the month of February, prohibiting four people from employment and activity in the affairs of any federally insured financial institution.
February 29 -
Western Union has promoted Jacqueline Molnar to chief compliance officer.
February 29 -
Many of the presidential candidates have backed steps to lighten community banks' burden, but we don't need to count on grandiose stump speeches and campaign pledges to make a difference.
February 29 -
Love him or hate him, Trump provokes strong reactions from much of the electorate, bankers included. His volatile temperament and penchant for showmanship have left many skeptical, but some see his business experience and dealmaking savvy as a positive.
February 26 -
The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.
February 26 -
The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.
February 26 -
The credit union regulator's latest recovery from legal action following the corporate credit union crisis brings total legal recoveries to more than $2.4 billion.
February 26




