Regulation and compliance
Regulation
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Most banks and payment processors are in no hurry to help marijuana sellers accept credit card payments where the substance can be legally sold, despite a clear opportunity to modernize what is largely a cash-based market.
March 18 -
These 20 women have reached impressive heights in a traditionally male dominated industry and have played a vital role in helping their organizations stay ahead of the curve.
March 17 -
The legislation grandfathering certain CLOs and clarifying which commercial loan securities are exempt from the Dodd-Frank Act trading ban were part of a package of bills approved by the House Financial Services Committee.
March 14 -
The Senate Banking Committee has forged a strong bipartisan agreement to reform the housing finance market, but how and whether that effort gets picked up in 2015 is still very much in question.
March 14 -
Steven Antonakes, the Consumer Financial Protection Bureau's deputy director, recalled how people's interest in what regulators do grew in 2008.
March 14 -
MADISON, Wis. One of the most visible changes at credit unions in the wake of the Great Recession has been the sharp increase in expectations for credit union directors especially when it comes to financial education.
March 14 -
Fiserv, which operates the Accel debit network, spent two years evaluating the best way to route EMV debit transactions in compliance with federal mandates but it abstained from working with the Debit Network Alliance, which is committed to the same cause.
March 13 -
ARLINGTON, Va. NAFCU has introduced its own risk-based capital calculator the trade association says will help credit unions carefully evaluate the impact of NCUA's proposed capital rule on their operations.
March 13 -
WASHINGTON Mark McWatters shared insights into what kind of regulator he would be if confirmed to a seat on the NCUA board during testimony before the Senate Committee on Banking, Housing, and Urban Affairs Thursday.
March 13 -
Becoming a licensed money transmitter throughout the U.S. is a time intensive and costly process many Bitcoin businesses are struggling with. But the costs of compliance could be cut substantially with the proactive step of hiring in-house compliance officers.
March 13 -
WASHINGTON The Consumer Financial Protection Bureau announced several key hires on Wednesday, including a chief economist, financial empowerment director and market liquidity researcher.
March 12 -
Three nominees to the Federal Reserve Board are set to underscore the growing attention the central bank is paying to financial stability concerns amid its two other mandates of employment and price stability.
March 12 -
Regulators should demand more derivatives disclosures in forthcoming living wills. Having banks disclose the risk factors in their risk measurement models would help regulators understand if banks are well capitalized for unexpected losses.
March 12 -
ALEXANDRIA, Va. NCUA chairman Debbie Matz has informed CUNA and NAFCU that the comment period for the agency's risk-based capital proposal will not be extended, the trade associations report.
March 12 -
Digital currency exchanges may soon file formal proposals and applications to operate under regulations set by the New York State Department of Financial Services.
March 11 -
The Federal Reserve Board has the authority to act on its own to apply different capital requirements for insurance companies than those it has already mandated for banks, several senators said Tuesday.
March 11 -
The Consumer Financial Protection Bureau is planning to eliminate its current employee performance management system after data showed minorities were rated lower than white employees.
March 10 -
The Office of the Comptroller of the Currency has joined other regulators in seeking to simplify megabanks' myriad legal entities. But instead of being focused on helping a bank to unwind in a failure, the OCC argues simplification can greatly help operational efficiency.
March 10 -
It is still unresolved how regulators will apply capital requirements to insurance companies under the Dodd-Frank regime for systemic firms, but members of Congress are urging the Federal Reserve Board to be flexible.
March 7 -
MasterCard and Visa have formed a new group to improve efforts in the U.S. to migrate to the EMV-chip cards other security methods.
March 7



