It was a 5.7% raise from the previous year. His total compensation was the smallest among the CEOs of the six biggest U.S. financial institutions, but his salary was the largest.

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been delayed by the Federal Reserve, which says it has to obtain public comment on the concept.

The 2020 presidential hopeful removed the contentious provision from a previous version of the bill that had won praise from bankers but sparked fierce opposition from credit unions.

J. Mark McWatters, chairman of NCUA, and Rick Metsger, a board member, also said that Congress should give the agency more authority over field of membership for underserved areas.

If there is renewed interest in a proposal to restrict incentive-based plans, that isn’t enough to overcome obstacles that have hindered the rulemaking for so long.

Merchants are often the last in the payments ecosystem to know when card fraud occurs, and their losses tend to escalate in the meantime.

In remarks to credit unions, the Senate Banking Committee Chairman said that fixing the government-sponsored enterprises and data security were priorities.

The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.

As debate over the future of the mortgage finance system heats up, policymakers must ensure that small banks and credit unions maintain equitable access to the secondary market.

Credit union executives are hitting the Hill on Wednesday to discuss their concerns with lawmakers as CUNA's Governmental Affairs Conference ends.

Ideally, Swift would like to see its worldwide bank network fully adopt its Global Payments Innovation initiative as well as the ISO 20022 messaging standard for cross-border payments.

The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. Banking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC.

More than two years after Wells Fargo's consumer scandals first came to light, the congressional backlash facing the bank is bipartisan and just as fierce.

Vice President Mike Pence congratulated credit unions on their work with consumers but he also urged attendees at CUNA's Governmental Affairs Conference to promote the controversial wall.

As the fintech industry grows, these companies should face the same tough standards as banks and credit unions.

While the OCC has led the charge on modernizing the Community Reinvestment Act, Gov. Lael Brainard gave a rundown of new ideas under discussion — from updating assessment boundaries to a comprehensive community development test.

The FDIC should consider limiting its toughest restrictions on brokered deposits to problem banks.

The Credit Union National Association is tackling a range of challenges during its Governmental Affairs Conference this week in Washington, D.C.

As president of enterprise strategic partnerships at American Express, McNeal has been right in the middle of developing the technology and use cases for Amex to advance in a digital and virtual payments world.

Understanding how the payments ecosystem works is a basic tenet for anyone aspiring to work in the industry. Visa's Taira Hall has that understanding, plus she is ingrained with a trait many others may not have — she has experienced what happens when there is no accessible payments system in place.