Regulatory actions and programs

LeDu has formerly dealt with compliance matters for the Michigan Credit Union League, CU Solutions Group and more.

Physical cash is likely to have utility for years to come. If it passes away, better the death blow comes from superior commercial payment systems than government edict.

Regulatory moves to reduce paper money often have confusing, and even dangerous results, writes Eric Grover, a principal at Intrepid Ventures.

The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January.

The Government Accountability Office has agreed to a request by a GOP lawmaker to examine whether Congress can reject regulators' guidance.

The agency sold nearly 10.3 million shares in First BanCorp in San Juan, Puerto Rico, for $57.7 million.

The regulator cited "operational weaknesses" as the reason for conservatorship.

NCUA cites safety and soundness concerns at the $107 million-asset credit union.

The bank says it will push the rest of the industry to follow its lead and step up lobbying for policies that increase minority homeownership.

Ousted CEO John Dee Carruth is continuing his war of words against the state regulator, but he may not have much recourse under a provision of Alabama law.

As a candidate, President Donald Trump proposed either halting or taxing remittances to Mexico to push the Mexican government to pay for a border wall along the southern border of the U.S.

Many banks are weighed down with orders tied to the Bank Secrecy Act and anti-money-laundering laws. Others are dealing with low Community Reinvestment Act ratings. Bank M&A and branching are typically off the table until such issues are addressed, but that doesn't mean all growth opportunities are gone. Here are some ways constrained banks might be able to add revenue while working through their regulatory challenges.

"There is an added sense of urgency now," says Barbara Roper, director of investor protection at the Consumer Federation of America.

President-elect Trump has a number of options to change the Consumer Financial Protection Bureau and its leadership, but each moves carries at least some risk.

The incoming administration's proposals would be a mixed bag for financial technology innovation.

Policies to encourage financial technology have had bipartisan support thus far.

The new standard protects competition for businesses and issuers of all sizes, and should not be repealed.