ALEXANDRIA, Va. — NCUA did not meet over half of its employment diversity goals for 2013, hitting only 40% of its target achievements in this category, according to the agency's annual report, released Monday.

Though Vice Chairman Thomas Hoenig and board member Jeremiah Norton must defer to Chairman Martin Gruenberg on setting the Federal Deposit Insurance Corp.'s agenda, the two directors have still found ways to affect policy, particularly on new capital rules for the biggest banks.

WASHINGTON — The Financial Stability Oversight Council on Wednesday expanded its transparency policies in an attempt to address criticism that it is a secretive group with minimal oversight.

India launched its new payment system, RuPay, this week to provide a low-cost card network to rival Visa and MasterCard.

Federal Reserve Board Gov. Daniel Tarullo endorsed dropping Basel II's internal ratings-based approach to risk-weighted capital requirements and specifically carving out exemptions for community banks from certain rules.

Two of the largest consumer debt buyers on Thursday agreed to halt lawsuits against borrowers and pay fines to settle allegations they violated New York law in pursuing debtors.

No company should be designated as a systemically important financial institution before the Financial Stability Oversight Council knows what "more stringent" prudential standards the Federal Reserve will apply to it.

Card-not-present (CNP) fraud is generating quite a bit of chatter in financial and payments circles today. Much of the talk centers on the link between greater global use of the EMV standard and rising CNP fraud.

The Financial Stability Oversight Council on Wednesday expanded its transparency policies in an attempt to address criticism that it is a secretive group with minimal oversight.

Collateralized loan obligations outperformed in the crisis. If regulators can exempt a vast swath of mortgages from risk-retention requirements, surely they can do the same for senior, secured corporate loans.

Alibaba's IPO Fees Windfall; Asian Hiring Probe Expands

WASHINGTON – It was a big day for credit unions on Capitol Hill Tuesday, as three bills that aim to give CUs some long-sought regulatory relief passed the House of Representatives.

Alibaba Group Holding Ltd., which rode China's emergence as an economic superpower over the past 15 years to become a massive online marketplace for everything from forks to forklifts, filed today for what could become the largest U.S. initial public offering ever.

Read alone, a recent report from the CFPB might suggest that arbitration clauses in banking contracts could disadvantage consumers, but it was only a preliminary look that failed to paint a complete picture of arbitration's costs and benefits.

Lawmakers are increasing pressure on the Federal Reserve Board to apply different capital rules to nonbank financial firms, like insurance companies, that are designated as a possible risk to the economy.

WASHINGTON — As a bill that could bring monumental changes to Fannie Mae and Freddie Mac works its way through the Senate, some credit union executives are concerned that larger players would have too many advantages at the expense of small lenders.

Confusion over regulatory jurisdiction and burdensome compliance costs are cutting into community banks' profits and forcing them to consolidate. But it doesn't have to be this way.

The fallout from Russia's encroachment into Ukraine has reached MasterCard's headquarters in Purchase, N.Y., where the card network’s top executives expressed concern about lost business and Russia's moves to localize its payments infrastructure in response to sanctions from the West.

WASHINGTON — Federal Reserve Board Chair Janet Yellen on Thursday emphasized the importance of tailoring new rules meant to curb risks by the largest banks to smaller-sized institutions.

Bringing a point of sale terminal to market isn't as easy as it used to be. Since the introduction of contactless and mobile payment tech, the number of tests a manufacturer must pass for certification is "unbelievable," executives at U.K.-based Spire Payments say.