Compliance

Beware the privacy risks that come with a crypto venture

08/19/19

The Financial Action Task Force’s recent guidance on data privacy regulations should serve as a warning to companies planning to test virtual currencies.

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FHA revises proposed mortgage lender certification

08/15/19

The Federal Housing Administration updated its lender certification proposal originally issued this past May, as it looks to ease industry concerns on False Claims Act enforcement.

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Why President Trump has the Fed on the ropes

08/12/19

The Federal Reserve's monetary policies have exacerbated the wealth gap, making the central bank a vulnerable target for Trump. He’s taking full advantage.

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Wells Fargo creates new roles in latest effort to satisfy regulators

07/31/19

The San Francisco bank is moving two executives into new positions who will report to consumer banking head Mary Mack.

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Mnuchin's former bank agrees to $100M redlining settlement

07/29/19

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which was run by Steven Mnuchin prior to him becoming Treasury secretary.

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Is there a better way to fight money laundering?

07/28/19

Banks submit millions of Bank Secrecy Act filings each year, yet only a fraction are valuable to law enforcement. Inside the effort to change that.

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As benefit payments went digital, banks had to improve cash access

07/26/19

Most agencies use electronic benefit transfer to deliver funds to prepaid cards, but recipients who need access to cash are often caught in a bind, with fewer convenient or free ATMs available in an increasingly digital payments landscape.

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Easing derivatives trading rule would help the system, not hurt it

07/26/19

Regulators should proceed with removing one of the margin requirements for trading swaps.

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Additional regulator won't fix the convoluted regulatory system

07/25/19

Smart rulemaking starts with consolidating multiple agencies into one body with a clear mandate.

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Equifax fine punches a hole in data security culture

07/22/19

The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy.

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