WASHINGTON – The governors of Washington and Colorado called on NCUA and bank regulators yesterday for guidance on their states’ newly-legal marijuana trade, as legislation in Congress to legalize pot banking is stalled.

Credit card issuers are charging less in penalties and doing a better job of disclosing previously hidden fees, according to a report by the Consumer Financial Protection Bureau.

Several political candidates have begun accepting bitcoins for campaign contribution—but the future of this practice hinges on a Federal Election Commission decision coming by October 28.

WASHINGTON – The Department of Housing and Urban Development announced it has reached agreements to settle two Fair Housing Act complaints against CMG Mortgage Insurance Company, the nation’s largest provider of private mortgage insurance to credit unions, over coverage for a borrower on maternity leave.

New York's top banking overseer said any regulation of the nascent Bitcoin industry has to include transparency on who does the trading of the virtual currency, and if that hurts a business dominated by anonymous transactions, "so be it."

Because third-party processors are on the hook for losses from fraudulent transactions, they have as much interest in eliminating bad actors as anyone.

The PCI council continues to expand its reach, with the intent of remaining a strong guide for data security well into the future.

Democratic lawmakers including Senator Elizabeth Warren today demanded that eight U.S. banks produce information about agreements they may have with colleges to encourage students to use their products.

As payments technology evolves, some are urging the Federal Reserve Board to take a leadership role in establishing guidelines and standards — whereas others are quick to argue against the notion.

Visa Inc. and MasterCard Inc. won a tentative court ruling they don’t infringe a patent owned by SmartMetric Inc., a technology development company that seeks $13.4 billion in damages.

WASHINGTON – NCUA and the banking regulators on Tuesday issued a new directive saying if credit unions or banks suspect financial exploitation of one of their elderly members/customers they can report the suspected abuse without violating the consumer’s privacy under Gramm-Leach-Bliley.

Few people ever sympathize or even empathize with federal and state regulators when it comes to compliance.

In addition to NCUA's proposal to stress test large credit unions, the agency is also rolling out new initiatives related to investigating fraud.

The U.S. Federal Reserve’s rules for debit-card transaction fees and processing will remain in place while the central bank appeals a decision throwing out the regulations, a judge said.

Groupon Inc. lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.

MoneyGram has purchased Advanced ChronoCash Services (ACCS) and signed an agreement to acquire MoneyGlobe Payment Institution, both Athens, Greece-based money transfer companies.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

Many banks consider money transmission to Somalia too risky because of concerns about terrorism. But U.S. Bancorp continues to pursue a relationship with Dahabshiil, the largest Somali money transmitter, whereas Barclays dropped the business citing the risk.

The Bitcoin Foundation, a trade group, is urging the Federal Election Commission (FEC) to allow bitcoins to be used for federal political contributions.

COEUR D’ALENE, Idaho – NCUA said today its Office of National Examinations and Supervision is drafting a proposed rule to require annual stress tests at credit unions with assets exceeding $10 billion.