Compliance

A world of regulatory pressure on installment lenders

01/21/21

The fast-growing buy now/pay later industry is drawing scrutiny from legislators and regulators who fear it could become predatory.

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Citigroup to cut bonuses for top executives after U.S. reprimand

01/20/21

Citigroup will reduce bonuses for dozens of its top executives after the bank was reprimanded by regulators last year.

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NCUA quietly approves supervisory guidance rule

01/20/21

The agency used a notation vote to advance the final measure, the third time it has used that method in a month.

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Biden's plans for payday loans and crypto take shape

01/20/21

The 46th president's agenda for financial regulation is already moving ahead, based on the people he's chosen to put in key roles.

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Credit union regulator outlines 2021 supervisory priorities

01/15/21

Cybersecurity remains a priority along with CARES Act compliance, flexibility for borrowers impacted by the pandemic and more.

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When rioters attacked the Capitol, these payment companies were quick to respond

01/15/21

Some companies cut off the flow of cash to insurrectionists, while others put a halt to their political spending. Their actions came quickly after the events of Jan. 6.

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NCUA takes over Indianapolis' Newspaper Federal Credit Union

01/15/21

In placing the $6.6 million-asset institution in conservatorship, the regulator has taken charge of two credit unions in just the first two weeks of the year.

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NCUA board splits over changes to controversial capital rule

01/14/21

In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union.

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Visa's plan to move on from Plaid

01/13/21

After calling off its bid to buy the data aggregator Plaid, the card network is shifting its focus back to its role as an enabler of digital payments and related services.

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What Democrats' control of Congress could mean for credit unions

01/13/21

A Democratic majority in Washington may help advance a number of key legislative issues for the industry, such as passage of a national data security standard. However, it could also lead to a renewed focus on consumer protection laws.

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