Acquirers consider the Payment Card Industry data security standards slightly more important as a source of revenue than as an approach to security, new survey data indicates.

ALEXANDRIA, Va. – The NCUA Board this morning approved a rule broadening the definition of “small credit union” from $10 million to $50 million, thereby exempting an additional 2,400 credit unions from the agency’s rules on risk-based capital and interest-rate risk.

Global Payments Inc. has "essentially completed" its data intrusion remediation efforts and will soon have its response to last year's massive breach of merchant and consumer card data reviewed by the major card networks—the final step before it can return to the networks' list of approved PCI-compliant vendors, according to executives of the Atlanta-based merchant processor.

The Consumer Financial Protection Bureau has approved a "concept design" for its DC headquarters.

ALEXANDRIA, Va. – The NCUA Board said it has terminated four pilot programs that allowed individual credit unions to engage in the short sale of U.S. Treasuries.

While the Senate has approved the bill to eliminate one of the dual-fee disclosure requirements at ATMs, it's no time for credit unions to relax when it comes to monitoring ATMs.

NCUA has rejected Commodore Perry FCU's appeal to the agency's Supervisory Review Committee.

CHARLOTTESVILLE, Va. – Despite the delay in implementation of Basel III rules, large banks are moving forward to build their capital base.

WASHINGTON – The Consumer Financial Protection Bureau has specified changes it would like to make to a rule designed to increase regulation of international money transfers.

WASHINGTON – With his signature Friday President Obama put an end to a great deal of frustrating regulatory burden regarding ATM fee disclosures, along with a wave of lawsuits, by signing into law a bill repealing dual fee disclosure at ATMs.

A massive study of consumer credit reports released last week found consumers had disputed up to 38-million items on their reports during 2011.

NCUA last week introduced a new website aimed at small credit unions.

CUNA is conducting a national survey of credit unions about their recent experiences with examinators and the New Jersey CU League is already issuing results of a similar effort for all NCUA Region II credit unions that it spearheaded.

WASHINGTON – The Senate last night approved the bill to eliminate one of the dual fee disclosure requirements at ATMs, a measure aimed at eliminating so-called ATM vigilantes who file civil suits over the absence of on-machine disclosures.

Unfortunately, as credit unions seek to add or upgrade the skills of increasingly critical compliance personnel, there is no one simple approach that is really effective.

ALEXANDRIA, Va. – The NCUA Board this morning approved a new rule that will replace the current Wall Street rating system as a criteria for determining the permissibility of an investment with two new standards, whether the investment is determined to be of “investment grade” and whether it contains a “minimal amount of credit risk.”

Commodore Perry FCU expects to know this month the results of its appeal to NCUA's Supervisory Review Committee.

ALEXANDRIA, Va. – The Center for Responsible Lending, a consumer advocacy funded by Self-Help CU, called on NCUA last week to set new guidelines that would severally restrict credit unions’ ability to charge members overdraft fees.

FREDERICK, Md. -- NeighborBench, a provider of compliance solutions, has acquired Utah-based Counter Risk Group, a compliance consulting firm known for combining real-world experience with pragmatic technical innovation to help hundreds of financial institutions manage regulatory risk.

CHICAGO -- A prolific filer of patent claims filed suit yesterday against CEFCU, claiming the Peoria, Ill., credit union is infringing with the technology it uses for setting limits on remote information systems.