U.S. authorities have fined the San Francisco startup $700,000 over violations of the Bank Secrecy Act, according to the Financial Crimes Enforcement Network's Tuesday press release.

Vincent Delie, CEO of F.N.B., discusses the costs of and difficulty in complying with size-related regulations, his outlook for acquisitions and the Baltimore market.

Visa is providing merchants with an online information and resource center to prepare for their transition to using chip-enabled credit and debit cards.

Though concerned about diluting NCUA's efforts to help small CUs survive and thrive, credit unions largely support the agency's proposal to increase asset-size definition from $50 million to $100 million, with most pushing for going all the way up to $550 million, in keeping with the FDIC's definition.

Two House Financial Services Committee members introduced a bipartisan bill late last week that is designed to give lenders breathing room when new disclosure rules go into effect on Aug. 1.

NCUA Board Member Mark McWatters said the agency's risk-based capital proposal punishes credit unions for sins they did not commit during the financial crisis.

Regulators' latest guide for examining AML lacks wholesale changes, but some minor changes still could pack a major punch.

Created under the guise of a program to root out fraud and illegal activity, this initiative has been used by Obama administration bureaucrats to pressure banks to end relationships with businesses they consider objectionable or "high risk."

China may be removing UnionPay's regulatory monopoly over card payments clearing, but loosening its grip on the market is another matter.

A chief financial officer's workday is booked solid dealing with regulatory issues, risk assessments and finding places to cut costs. If they could find an extra hour, bank CFOs say they would use that time to consider how to improve their banks' strategies, employees and communities.

If banking is under attack, then chief financial officers are the defenders of the realm. Equipped with the numbers, they are uniquely positioned to bring the credible answers their stakeholders seek and the changes their companies need.

Regulators' latest guide for examining anti-laundering procedures lacks wholesale changes, but institutions still must decipher minute changes with potentially big impacts.

Banks want all loans held in portfolio to be classified as ultrasafe regardless of the underwriting characteristics or of a bank's asset size. But consumer activists and independent mortgage lenders are raising red flags ahead of possible Senate Banking action.

American Express Co. was ordered to drop many rules that prohibit merchants from asking customers to use less-expensive credit cards.

It was a busy Thursday for NCUA, as it placed New Bethel Federal Credit Union, Portsmouth, Va., into conservatorship, and liquidated TLC Federal Credit Union of Tillamook, Ore.

WASHINGTON — Rep. Sean Duffy, R-Wisc., introduced a bill Thursday that would require regulators to be more transparent as they negotiate global insurance standards.

The financial industry and the White House are gearing up for a fresh battle this spring over investment advice for retirement savings.

NCUA officials still have several more months of work ahead of them before they unveil a comprehensive overhaul of their Field of Membership rules, but the agency completed a kind of trial run Thursday, approving a much narrower amendment to the rules governing associational common bonds.

Executives from two insurance companies, Prudential Financial and Country Financial, warned Thursday that the Financial Stability Oversight Council should be more transparent with the institutions it oversees, despite recent reforms.

If banks and retailers want a piece of the mobile wallet pie that Apple Pay is steadily gobbling up, Nacha says it has a formula to achieve that.