AML

California gives more cover to firms banking pot businesses

10/03/19

Officials said Thursday that they will not take regulatory action against state-chartered banks and credit unions solely for serving licensed cannabis businesses.

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Impeachment fight derailing banking bills? Think again

10/03/19

Democrats’ investigation of President Trump has darkened the horizon for legislative activity in Washington, but prospects for a pair of bipartisan measures backed by the industry are surprisingly bright.

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Libra members ready to bail?; report predicts big job cuts at banks

10/02/19

Facebook calls an emergency meeting about its planned payments network; Well Fargo report says 200,000 jobs will be lost to robots and technology.

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Senators formally introduce bipartisan AML reform bill

09/26/19

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

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Wells may keep Parker; New role for mortgage modifications

09/26/19

Wells Fargo still having trouble finding permanent CEO; Some lenders are using the deals to keep their best customers.

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Bad actors targeting fintech aggregators: Fincen chief

09/24/19

Kenneth Blanco expressed concern in a speech about cyber criminals using "synthetic identities" to commit fraud with data stolen from fintech platforms.

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Central bank crypto could change banking; Fed to intervene again

09/19/19

Vikram Pandit says digital push could force “creation of 21st century regulation”; Fed will conduct $75 billion overnight repurchase agreement operation.

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Banks moving to national charters; Cryan gets new post

09/17/19

Fifth Third Bancorp becomes the largest bank to switch from state to OCC regulation; former Deutsche CEO named chairman of Man Group.

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Cryptocurrency AML software vendor Elliptic gets $23 million in funding

09/04/19

The company sees increasing consumer demand for cryptocurrency, especially in Asia, and gradual acceptance among financial institutions.

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FinCEN unit targets money laundering; OCC warns on asset-depletion mortgages

08/29/19

New unit will work with foreign governments; standards too soft on those without conventional paychecks.

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