The Electronic Transactions Association is lobbying Congress to enact a uniform national data breach reporting standard that would replace a welter of contradictory state and local rules.

OLYMPIA, Wash. -- The high-profile addition last year of Washington and Tennessee to the ranks of states that allow some credit unions pay to board members reignited a debate that continues -- is it a good idea or a bad idea?

Consumer Financial Protection Bureau managers are far more likely to rate white employees highly than minorities, data obtained by American Banker shows. The figures reflect broad personnel problems inside the agency and are likely to give rise to claims that it's failing to uphold standards it punishes others for violating.

Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.

ALEXANDRIA, Va. -- Even though NCUA warned credit unions they could face fines up to $1 million a day for filing late call reports, the agency said Wednesday that hundreds of CUs are still tardy.

Citadel EFT, a credit card processing firm, announced March 4 that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers.

A group of major banks have agreed to collaborate on a centralized know-your-customer registry with the financial messaging service Swift.

EBay Inc. Director Marc Andreessen struck back at activist investor Carl Icahn, who has accused the venture capitalist of conflicts of interest for his role in the company's sale of videoconferencing service Skype.

Charles Taylor, a senior official at the Office of the Comptroller of the Currency, said certain highly complex branches of foreign-owned institutions are being subjected to aspects of the agency's "heightened expectations" program.

Rules enacted last year appear to be steadily forcing banks to exit the mortgage servicing business, transferring such rights to nonbanks. The situation is stoking fears on Capitol Hill and elsewhere that regulators went too far.

PNC Financial Services Group Inc. received a subpoena regarding the return rate for its payment-processor clients from the U.S. Department of Justice and Consumer Financial Protection Bureau.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.

ARLINGTON, Va. — With the Consumer Financial Protection Bureau set to look into debt-collection practices, NAFCU issued a letter Friday urging the bureau to distinguish between credit unions collecting debts on their own behalf and third-party debt collectors.

The Republican-led House approved a bill Thursday evening that would drastically alter the structure of the Consumer Financial Protection Bureau.

WASHINGTON -- CUNA and NAFCU are asking NCUA to extend the comment period on the proposed risk-based capital rule another 90 days.

It is a fair question, but a deeply sensitive one around credit unions and their boards of directors: Are CUs doing enough to weed out older board members who have served for decades but lack the financial knowledge and experience to be effective?

Some governments are getting into the digital currency game, offering their own alternatives to cash with traits that differ in meaningful ways from cross-border cryptocurrencies like Bitcoin.

WASHINGTON -- If NCUA rethinks the proposed new capital rule's risk weights and allows CUs to access supplemental capital, the final rule would be much improved, says CUNA's chief economist.

Federal Reserve Board Chair Janet Yellen said today that the central bank does not have the power to supervise Bitcoin, the most widely-recognized digital currency.

The Royal Canadian Mint, which casts coins for the Canadian federal government, has started a pilot test of its MintChip digital currency. Through these tests, the Mint must make clear what this new currency is and what it is not.