Once the government makes the decision to prosecute, it's often to the fullest extent of the law — unless, of course, you head up a megabank.

Six banks including JPMorgan Chase and Wells Fargo have been placed under further business restrictions after the Office of the Comptroller of the Currency determined they had yet to fully meet regulatory orders related to the independent foreclosure review which began in 2011.

Traditional non-bank payment providers have elected several unconventional names to represent the industry on the Federal Reserve's Faster Payments Task Force steering committee.

The Federal Deposit Insurance Corp. is set to revamp deposit insurance premiums to make them more risk-sensitive, targeting areas that caused institutions to fail during the financial crisis.

More than a year after the CFPB revamped its employee rating system following allegations of discrimination, Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.

Six regional banks have reported their stress-test results under Dodd-Frank for the first time, projecting Tier 1 common equity ratios ranging from 8.04% to 11.4% after an economic shock. However, several also projected multimillion-dollar losses during the stressful period.

Zions Bancorp. in Salt Lake City has sold its remaining collateralized debt obligations.

NCUA and AARP will host an online presentation for consumers and credit unions on how to prevent elder financial abuse.

Scale is one of the most important things remittance companies must focus on, which is why long-standing incumbents continue to have the upper hand.

More than a year after the CFPB revamped its employee rating system following allegations of discrimination, Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.

House lawmakers plan to introduce a bill Monday to delay a controversial risk-based capital proposal for credit unions that would require regulators to further study the issue before finalizing the plan.

Square Inc. will eventually be a publicly traded company and could conduct an initial public offering this year if it wanted to, its former chief operating officer said.

Nearly five years after the passage of the Dodd-Frank Act, regulators are beginning to question whether the cumulative effect of the rules authorized by the law are hurting market liquidity — and if that could pose a systemic risk.

Anthony Albanese, the top deputy to New York bank regulator Benjamin Lawsky, will become acting head of the state's Department of Financial Services when his boss steps down next week, signaling little change in that office's aggressive stance on financial enforcement.

Visa has elected Lloyd A. Carney as the twelfth member of its Board of Directors and a member of the Board’s Audit and Risk Committee. His position came into effect June 11.

One credit union industry insider has two more compliance issues high on her radar right now: overdraft practices and the Bank Security Act.

As credit unions are scrambling to be ready for the Aug. 1 implementation of the new TILA/RESPA disclosures, they're also bracing for the next compliance storm headed their way: new HMDA data collection requirements.

Several House lawmakers joined the call Thursday for a formal grace period for new mortgage disclosures that would go beyond an earlier decision by the Consumer Financial Protection Bureau.

After rumors had been flying that the agency was looking to craft a new member business lending rule, NCUA's Debbie Matz confirmed an MBL proposal will be on the agenda for the regulator's June 18 board meeting. Meanwhile, experts outline what they see as some of the top compliance concerns for CUs right now.

The digital currency world is readying itself for more regulatory penalties over the failure to meet Bank Secrecy Act and anti-money-laundering requirements following federal agencies' action against Ripple Labs last month.