NCUA may be listening, but many credit union executives here Thursday weren't convinced that their regulator is hearing them.

Rep. Maxine Waters, D-Calif., is warning that a key House appropriations bill risks undercutting regulators' ability to oversee the financial system.

WASHINGTON — The Office of the Comptroller of the Currency on Wednesday issued a final rule increasing examination fees for large institutions.

The Maryland banker and former ICBA chair was a champion for changing how the FDIC assessed fees years before the Dodd-Frank Act altered the calculation. Other bankers recall Menzies' enthusiasm and zeal.

Nearly six months into her first term as Federal Reserve Board chair, Janet Yellen has sought to put financial stability on nearly equal footing as monetary policy.

The Consumer Financial Protection Bureau is allowing lenders to skip "ability-to-repay" rule when transferring a loan to the kin of a deceased borrower or for other life events.

WASHINGTON — What happens when you mix a cutting-edge payments technology with the newest financial regulator on the block, both of which stir policy passions?

American Express charges the highest average fees of any card network and Amex’s rules prevent retailers from taking steps to reduce those costs, the Department of Justice argued in court on July 7.

BNP Paribas agreed to a criminal plea and settlement with the U.S. Department of Justice on June 30 in which the French bank will pay close to $9 billion to settle charges it willfully continued to do business with nations and entities on the U.S. sanctions list. This was the largest such fine in Justice Department history and more than four times larger than any other sanctions fine. Credit Union Journal thought it would be interesting to look at the other biggest penalties levied against banks for sanctions violations. Here they are.

SAN FRANCISCO — The flurry of regulations coming out of CFPB were expected to drive some credit unions right out of the mortgage business, but the "big dog" of mortgage regulation is yet to come, and that one might finally do the trick, according to one compliance expert.

Merchants are wary of the proprietary look and feel of the process by which the card networks and issuers are adopting new security standards.

Last year's push by some lawmakers to rein in the big banks may have lost steam, but an imminent GAO report and committee leadership changes could give the issue new life.

Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit.

ALEXANDRIA, Va. — NCUA has terminated its Letter of Understanding and Agreement with Valley Pride FCU of Plains, Pa.

American Express Co. drives a hard bargain with businesses that want to attract its affluent cardholders: treat the card like any other form of payment despite higher processing costs if you want those customers.

WASHINGTON — The Consumer Financial Protection Bureau's watchdog is estimating a total price tag of nearly $216 million for the bureau's renovation of its headquarters.

As a new Russian law took hold July 1 to help support a new national payment system, the country may have extended an olive branch to Visa and MasterCard regarding its fees. But Visa says these reports are conflicting, and the details are not yet finalized.

Two credit unions that have filed late call reports and face civil money penalties say they have until mid-July to either pay their fines or appeal.

NCUA's risk-based capital proposal is either "a solution looking for a problem" or "an attempt to modernize the capital system," depending on who's doing the talking.

Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they can charge borrowers significantly higher interest rates. But legal risks remain.