Regulation and compliance
Regulation
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NCUA released a video recording of its October Administration Board meeting on Tuesday.
November 11 -
The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.
November 10 -
Lansing, Mich. The Michigan Credit Union League & Affiliates (MCUL) announced that state legislators on the House Financial Services Committee unanimously passed a six-bill package that will update the Michigan Credit Union Act (MCUA) for the first time in more than a dozen years.
November 10 -
Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are urging regulators to bolster new swaps rules in the wake of a controversial rollback of a provision of the Dodd-Frank Act last year.
November 10 -
The federal regulator has unveiled a video outlining the framework and implementation process of its recently finalized rule on risk-based capital for credit unions.
November 10 -
Over the last several months much has been made about the New York BitLicense.
November 10 -
The Consumer Financial Protection Bureau is pushing back against a lawsuit from PHH Corp. that claims the agency erred in overturning an administrative law judge's recommendation to limit the amount of penalties it could face.
November 9 -
The elections are still nearly a year away, but the financial services sector has already pledged tens of millions of dollars to top White House contenders.
November 9 - Minnesota
U.S. Bancorp has been hit with a consent order regarding deficiencies in its anti-money laundering compliance program.
November 6 -
Mark McWatters has been a member of the NCUA board for one year now, and he says some of the ways the regulator operates still strike him as "odd."
November 6 -
CEOS of midsize banks traveled to Washington recently to seek relief from some of the more onerous regulations that they say are making it harder for them to compete with both big banks and largely unregulated marketplace lenders that are aggressively going after their customers.
November 6 -
The Consumer Financial Protection Bureau's implementation of the statute banning "abusive" conduct through enforcement action instead of rulemaking is not sustainable.
November 6 -
Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 6 -
WASHINGTON The House passed a massive $340 billion transportation bill on Thursday, striking two key provisions hated by the banking industry while adding several other measures that could affect financial institutions.
November 5 -
Wells Fargo has agreed to pay $81.6 million to settle a federal investigation into its alleged failure to properly notify homeowners of increases in their mortgage payments.
November 5 -
The U.S. was one of the last countries to convert to EMV chip cards, at least partly because of the cost involved for the country's massive payments system to replace the easy-to-duplicate mag-stripe cards and halt counterfeit fraud.
November 5 -
WASHINGTON House Financial Services Committee Chairman Jeb Hensarling, R-Texas, is attempting to add 15 different bills to legislation that would secure funding for transportation projects.
November 4 -
Deutsche Bank agreed to pay $258 million to the Federal Reserve and New Yorks Department of Financial Services, and to fire six employees, to resolve a probe into sanctions violations from 1999 to 2006 for allegedly handling transactions linked to Iran, Libya, Syria, Burma and Sudan.
November 4 -
WASHINGTON The House Financial Services Committee approved a series of bills Wednesday morning that would remove a key Dodd-Frank provision and amend the structure of the Financial Stability Oversight Council.
November 4 -
A lack of access to financial services, particularly the inability to transfer funds overseas, can prevent lifesaving work from being carried out and has touched the refugee crisis in Europe, where many aid groups are delivering assistance.
November 4




