NCUA's recent warning that it will fine credit unions for filing late call reports by as much as $1 million per day is drawing support as well as criticism from industry leaders, with one executive describing the agency as "tone deaf."

Regulators' attempt to carve out an exemption for small banks from a key part of the Volcker Rule satisfied most institutions that feared getting swallowed up in the Dodd-Frank Act provision, but left others still vulnerable to the regulation and facing significant losses.

A Virginia congressman is seeking a law that would provide consumers with prepaid card fee disclosures they can easily understand. But the industry doesn't operate in a one-size-fits-all manner.

ALEXANDRIA, Va. -- NCUA wants to make sure credit unions file their call reports on time, stating in a new letter that late filers could face a $1 million-per-day fine from the agency for each day the call report is late.

House Republicans were sharply critical Wednesday of regulators' final Volcker Rule, warning that it adds an unnecessary and costly layer of regulation.

The American Bankers Association announced Wednesday that it will drop its request for emergency relief in pending litigation over the Volcker Rule, but declined to stop the suit entirely.

Apple will refund about $32 million to consumers after the government alleged the company charged minors for mobile app purchases without their parents' consent.

Under an interim rule released late Tuesday, most small banks -- and some large ones -- would not have to take writedowns on consolidated debt obligations backed by trust-preferred securities.

Just a few days after it took effect, House lawmakers began a renewed push for amendments to the "qualified mortgage" rule, arguing it will unintentionally squeeze out key borrowers.

Senate Democrats' decision to invoke the "nuclear option" has shifted the composition of a powerful federal appeals court, a move that could bolster the banking agencies against future industry challenges to the Dodd-Frank Act.

WASHINGTON -- The industry's two largest trade groups are telling Congress Tuesday credit unions need relief from the Consumer Financial Protection Bureau's qualified mortgage rule because of high compliance costs and restrictions on serving members.

Sens. Joe Manchin, D-W.Va., and Roger Wicker, R-Miss., introduced legislation Monday to address concerns about how collateralized debt obligations backed by trust-preferred securities are treated under the Volcker Rule.

ARLINGTON, Va. -- NAFCU wants to see some changes in proposed Automated Clearing House rules.

WASHINGTON -- The Target Corp. data security breach and now the Neiman Marcus cyber attack have NAFCU asking NCUA to partner with the Federal Trade Commission and other regulators as new rules are made to ensure the safety of data security systems.

Regulators' reviews of big banks' internal resolution plans will become more rigorous in 2014 as a debate grows over what parts of the plans can be seen by the public.

MasterCard's recent commitment to its U.S. EMV-chip card migration timeline is only one piece of the puzzle. Now, all eyes are on Visa to see if it will support or counter its rival's move.

The European Commission is sticking to its original Single Euro Payment Area migration deadline of next month, but is establishing a grace period of an extra six months for banks and businesses struggling to make the switch to euro payment formats.

The Consumer Financial Protection Bureau may consider expanding exemptions for credit unions and small lenders from its new qualified mortgage rule, depending on how the rule actually impacts the industry.

American Express Co. said it's appealing a federal judge's order approving Visa Inc. and MasterCard Inc.'s $5.7 billion settlement that ended years of litigation with U.S. merchants over allegations that credit-card swipe fees are improperly fixed.

Members of the Senate Banking Committee and others are raising concerns about the credibility of a pending watchdog report analyzing whether some banks are still "too big to fail," suggesting some experts it relies on may be too closely tied to Wall Street.