Compliance

Early-bird special: CFPB to reward firms that quickly fix violations

12/02/19

The agency’s director previewed a policy for companies under enforcement action to have their orders terminated if they comply ahead of schedule.

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Shake-up continues at Wells Fargo with poaching of Santander's CEO

12/02/19

Scott Powell, who resolved numerous regulatory problems as the head of the Spanish bank's U.S. operations, will face similar challenges at scandal-plagued Wells. As the bank's chief operating officer, Powell will report to CEO Charles Scharf, a former colleague at JPMorgan Chase.

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Robinhood to pull application for national bank charter

11/27/19

The fintech firm, which had made prior attempts to offer a federally insured consumer account product, said it has “no plans at this time” to become a bank.

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Citigroup hit with record U.K. fine for incorrect reporting

11/26/19

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

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Will banks be swept into CFPB's debt-collection rule?

11/25/19

Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.

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NCUA follows bank regulators’ lead on home appraisals

11/21/19

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

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Fidelity wins crypto custody charter; HSBC plans restructuring

11/20/19

The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit.

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BofA, IBM eye compliance in cloud for banks; Dimon seeks permanent liquidity fix

11/06/19

Service would help with compliance; JPM CEO sees more short-term lending rate spikes if no long-term solution implemented.

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New suit against Discover highlights lingering robocalling risk

10/31/19

The case — the card issuer's third in six years — is an example of the legal peril that banks and other companies continue to face over the use of automated phone calls for debt collection and other purposes.

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NCUA's Harper: Large credit unions need more oversight

10/30/19

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions."

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