NEW YORK -- For Montauk Credit Union to continue to meet the borrowing needs of its members, it may have to switch to a mutual savings bank charter, says the credit union's CEO.

How the central bank will apply bank-centered rules to systemically important financial institutions is one of the biggest unanswered questions of the post-financial crisis regulatory system.

ALEXANDRIA, Va. -- NCUA will hold three "Listening Sessions" this summer hosted by Chairman Debbie Matz.

WASHINGTON -- No more Mr. Nice Guy.

Steven Antonakes, the CFPB's deputy director, gave a speech which indicated the agency has shifted to a hard-line stance regarding compliance with a new mortgage servicing rule that went into effect last month. "Business as usual has ended in the mortgage servicing industry," he said.

Pressured by overseas governments and institutions, the Fed nevertheless stayed the course in finalizing tough new rules for roughly 100 foreign banks doing business in the U.S. — a sign that the central bank's emphasis remains on national stability over international cooperation.

WASHINGTON -- The Federal Deposit Insurance Corp. is allowing the public an extra month to weigh in on the agency's strategic plan for unwinding failed behemoths.

The Federal Reserve Board is set to alter its strategy for supervising foreign banks in the U.S., making it somewhat less onerous for smaller global institutions.

Federal authorities on Friday took their most forceful step to date toward bringing state-licensed marijuana businesses into the financial mainstream.

The Office of the Comptroller of the Currency's recent risk management proposal is tougher than institutions expected and would give the agency greater leeway to punish a firm it feels is not up to snuff.

The new fines for late call reports at NCUA and the need for CUs to not shy away from mortgages in light of the CFPB's qualified mortgage rule were among the hot topics during a joint conference call featuring NCUA Chairman Debbie Matz and CFPB Director Richard Cordray late Wednesday.

ARLINGTON, Va. -- While the credit union community sees NCUA's new risk-based capital calculator as valuable, some question whether making the tool accessible to the public is the right move. Concerns exist over letting consumers see preliminary ratios, in advance of a final rule, particularly for CUs whose risk-based number is below well capitalized.

It took a few hours for lawmakers to ask the perennial question to Federal Reserve Board Chair Janet Yellen that is apparently required for every regulator testifying on Capitol Hill: Did the Dodd-Frank Act end "too big to fail"?

Rep. Scott Garrett, R-N.J. skipped peppering Federal Reserve Chair Janet Yellen on monetary policy on Tuesday, focusing instead on a critical role that has remained left unfilled on the board: a formal overseer of bank regulation.

The payment system is unexpectedly the center of attention in the financial services policy world after spending years being overshadowed by the financial crisis and other pressing issues.

ARLINGTON, Va. -- NCUA's proposed risk-based capital rule will force CUs with more than $50 million in assets to hold an extra $6.3 billion in reserves to achieve the same capital cushion they have today, NAFCU reports.

MoneyGram plans to restructure its executive lineup and other aspects of its organization as it works to expand consumer-facing services and manage its investments in anti-fraud and compliance programs.

The collateralized loan market has backed off of deals involving bonds until lawmakers and regulators address the Volcker Rule's impact on such instruments. Most hope for clarification or grandfathering to stave off a massive sell-off.

Visa Inc. Chief Executive Officer Charlie Scharf said China isn't opening as quickly as expected to foreign payment processors and must be viewed as a five- to 15-year opportunity.

The Russian government has outlawed the use of Bitcoin.