Before the FSOC or other agencies start to impose capital requirements on nonbank financial companies, let's make sure we understand the business models and the risks that these firms actually take.

Jumio is working with the European Bitcoin exchange Safello to provide faster verification of customers.

The NCUA is fully aware of credit unions' concerns about its proposed risk-based capital rule, including discretionary examiner authority to set capital standards and the rule's impact on some shops' business lending.

Visa Inc. and MasterCard Inc. have about six weeks to decide whether a new Russian law requiring them to pay hundreds of millions of dollars to operate in that country is worth the cost. For now, Visa's answer is nyet.

LifeLock Inc. has temporarily pulled its LifeLock Wallet app off the market to address security issues.

WePay's decision to halt a crowdfunding initiative for an adult film actress struck a nerve as payments companies are seen distancing themselves from people in the adult entertainment industry.

Mary Miller, a top Treasury official, on Monday sought to dispel the idea that regulators were moving quickly to label asset management firms as systemically important, saying they are still in the early stages of determining the risks posed by the industry.

Regulators' recent moves to encourage mortgage lenders to relax standards have reignited a contentious debate.

ALEXANDRIA, Va. — As comment letters on the proposed risk-based capital rule flood into NCUA, the agency said it may consider delaying the rule's effective date.

State regulators quizzed bankers and payments executives about the benefits and risks associated with improvements to the payments system, including same-day transactions. The industry officials assured them the new system would be secure — though they were short on details.

ROYAL OAK, Mich. — NCUA's proposal to amend the agency's chartering and field of membership rules could slow indirect lending at some credit unions, say industry insiders.

WASHINGTON — The Senate Banking Committee passed major legislation to overhaul the housing finance system on Thursday, but observers say a quiet death likely awaits it due to a lack of greater support from key lawmakers.

Cal-Bay International is developing a specialized prepaid and loyalty card for licensed marijuana dispensaries.

Regulators are now demanding every last detail to be put in writing; the upshot is that banks may be forced to cut ties with vendors that can't meet all requirements. Still, experts say more ironclad language is ultimately good for banks because it gives them protections they haven't always had.

ALEXANDRIA, Va. — The NCUA remains committed to workforce diversity as a key to success for the organization, despite the agency failing to meet 60% of its own workplace target goals last year.

Discover's Pulse network and MasterCard have agreed to allow card-issuing banks using both networks to use MasterCard's technology to route EMV debit card transactions.

WASHINGTON — After three regulatory relief bills sailed through the U.S. House of Representatives last week — two of which were written specifically for credit unions — industry insiders are cautiously optimistic.

RBS Moves to Spin Off Citizens; Fed Staffing Strains

Connecticut's top banking regulator on Monday warned investors about the dangers of Bitcoin.

WASHINGTON — With more than 320 members of Congress signing on to a letter to NCUA urging it to extend the comment period and the implementation timeline for its risk-based capital proposed rule, credit unions are hoping the agency will take notice.