NCUA is poised to address associational common bonds, a prelude to its reinterpretation of field of membership, at its monthly board meeting Thursday morning. The move comes just days after receiving a new record number of comment letters on risk-based capital. The difference, credit unions are actually looking forward to the FOM proposal, while comments filed on RBC remained largely negative, ranging from calls to can the proposal entirely to revising the already-much-revised rule.

MasterCard Inc. is "keen" on taking advantage of opportunities in China and could establish domestic operations in that country by the end of 2016, Chief Executive Officer Ajay Banga said.

As Coinbase makes its services available in the U.K., Ripple Labs is making inroads with Western Union.

WASHINGTON — Senate Banking Committee Chairman Richard Shelby offered a few hints Wednesday about what bankers might be able to expect from pending regulatory relief legislation due next month.

WASHINGTON — Senate Banking Committee Chairman Richard Shelby offered a few hints Wednesday about what to expect from pending regulatory relief legislation due next month.

Regulators can avoid extensive, after-the-fact investigations of banks' illegal actions by standardizing the form and content of transaction data so they can spot compliance problems in real time.

MasterCard Inc. posted first-quarter profit that beat analysts' estimates as consumer-card spending accelerated outside the U.S.

The Senate Banking Committee kicked off the first of several hearings on the insurance industry this week, as companies brace for heightened oversight under the Dodd-Frank Act and other efforts.

A step-by-step look at GE Capital's breakup plan and its likely aftermath, including recent comments by bankers who may be looking to buy various parts.

New York Attorney General Eric Schneiderman is urging banks to reevaluate how they use credit bureaus like ChexSystems, after his investigation found that inaccurate data reported by banks is preventing some consumers from opening checking and savings accounts. Three banks already have agreed to modify their use of ChexSystems in screening potential customers.

The German bank's massive strategic overhaul will include cutting key businesses and leaving 10 countries, but it plans to invest in the U.S. despite all the regulatory troubles it has had here.

For more than a decade, U.S. regulators have been advising bankers to know more about their customers than who they are. In the next five years that may become the global norm as technology allows more granular transaction monitoring.

Large foreign firms are facing key decisions about the size of their footprint here as they approach a Federal Reserve Board requirement to form a separate holding company to house their U.S. subsidiaries.

HSBC Holdings executives said little about the future of their U.S. bank and other underperforming businesses at a sometimes contentious annual shareholder meeting Friday.

In another escalation of Quicken Loans' ongoing clash with the government, the Department of Justice on Thursday filed a lawsuit alleging shoddy underwriting by the company.

DAYTON, Ohio — The Superintendent of the Ohio Division of Financial Institutions on Thursday placed Montgomery County Credit Union, Inc., into conservatorship and appointed the National Credit Union Administration as agent for the conservator.

WASHINGTON — Credit unions can't afford to ignore the potential ramifications of the Consumer Financial Protection Bureau's (CFPB) recent decision to pull back on new investigations in order to clear out a slew of pending cases.

Bill Emerson, chief executive of Quicken Loans, said at a recent conference that the threat of government probes and a lack of regulatory clarity are making FHA lending less attractive.

PayPal is investing heavily in technology to make sure it is properly equipped for the challenge ahead of it when its split from eBay is finalized.

NCUA Director of Examinations and Insurance Larry Fazio testified before Congress today urging legislators consider supporting several NCUA-backed bills that would ease regulation and provide increased flexibility for financial institutions, pointing to the regulatory burden faced by credit unions today, more than three quarters of which have assets of less than $100 million.