WASHINGTON -- More credit unions will be negatively affected by the new risk-based capital rule than the National Credit Union Administration has indicated, say the two main CU trade groups.

The National Credit Union Administration's new risk-based capital rule has some credit unions saying it's time to consider switching to a bank charter while others applaud the agency's effort.

Acquirers and independent sales organizations can generate more revenue by closely studying what security levels their merchants need, according to a new survey.

Without naming names, the CFPB said in a report released Thursday that, based on its examinations, servicers made borrowers jump through hoops to qualify for loan modifications and were lax about maintaining accurate records.

Regulators are signing bilateral MOUs and advancing strategies meant to avoid ring-fencing, but some say more binding pacts should govern cross-border resolutions.

Heartland alleges in a lawsuit filed Jan. 29 that Mercury Payment Systems is using deceptive trade practices to compete against it.

ALEXANDRIA, Va. -- The National Credit Union Administration appointed Lynn Markgraf to serve as Associate Regional Director for Programs in its Region I office.

MasterCard Inc.'s fight with the European Union over curbs on transaction fees suffered a blow after an adviser to the bloc's top court backed regulators who capped its rates on cross-border credit-card payments.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.

President Obama hit on several important issues for bankers in his annual address to Congress Tuesday night, including mortgage finance reform, though as expected financial services issues largely took a backseat to other national concerns, like unemployment and the minimum wage.

It's still unclear what New York's planned "BitLicense" actually is, but the New York Department of Financial Services says its license is meant to encourage Bitcoin businesses to operate and innovate in the state.

Richard Cordray, the Consumer Financial Protection Bureau's normally unflappable director, reacted angrily Tuesday to suggestions by lawmakers that he and his agency do not care about borrowers who purchase manufactured housing.

WASHINGTON -- Consumer Financial Protection Bureau Director Richard Cordray told members of Congress Tuesday that the agency's qualified mortgage/ability-to-pay rules will not crimp credit union home lending to low- and moderate-income members.

New York's financial regulator today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.

Does Bitcoin require its own set of regulations, or can businesses that trade in the virtual currency and payment system be policed effectively under existing rules?

The Consumer Financial Protection Bureau issued a three-page advisory Monday in response to recent card and data breaches, encouraging consumers to monitor their accounts for unauthorized charges or debits.

ALEXANDRIA, Va. -- The National Credit Union Administration's new risk-based capital calculator received more than 2,200 unique visits the day it was launched last week and a total of 5,400 through Friday.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.

Payment processor First Data has agreed to pay JPMorgan Chase millions of dollars to settle a hiring dispute, the Wall Street Journal reports.

A bipartisan group of senators are urging Treasury Secretary Jack Lew not to rely on a recent Office of Financial Research study as basis for labeling asset management firms as systemically risky.