AML

Minding the GAP; fretting about loans to retailers

08/29/17

CFPB and OCC are looking at auto lenders’ policies regarding so-called GAP insurance; banks want greater collateral from retailers.

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Block hate groups? It’s not so simple

08/17/17

Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.

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Money laundering risk rises; bias charge at Goldman

08/17/17

Basel Institute says enforcement is the problem; wealth advisor says bank steered clients away from her to white colleagues and blocked her promotion.

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Money-laundering scandal hurts all banks: Aussie lobby chief

08/15/17

The Commonwealth Bank of Australia money-laundering scandal has damaged the public's perception of the whole banking sector, according to the head of the industry's lobby group.

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Democrats pressure Hensarling to investigate Russia-Trump financial ties

08/11/17

Democrats sent a letter to House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Tex., asking that he investigate potential financial ties between President Trump and Russia.

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Changes coming to Wells; Barclaycard’s new chief

08/11/17

Stephen Sanger is expected to leave as nonexecutive chairman; Barry Rodrigues, a former Citigroup and American Express executive, will join the British bank in November.

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With bank subpoenas, Mueller is said to turn up heat on Manafort

08/10/17

Special counsel Robert Mueller is said to be drawing on ongoing investigations, including one by federal prosecutors into whether former Trump campaign manager Paul Manafort laundered money from eastern Europe into New York properties.

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'To unbank the banked': Comments of the Week

08/04/17

Readers react to USAA teaming up with Amazon’s Alexa, how a new Wells Fargo’s scandal could affect arbitration rules, a digital identity startup’s ambitions, and more.

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JPM settles with CFPB; CBOE looks to trade bitcoin futures

08/03/17

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange.

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M&T Bank, four years and $400M later, released from enforcement action

07/28/17

The Buffalo, N.Y., bank has been freed from an enforcement order that required an upgrade of its anti-money-laundering compliance systems. The Fed had ordered the upgrade as a condition for approval of its acquisition of Hudson City Bancorp.

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