Compliance

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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Despite cuts, Wells Fargo is still spending too much

07/16/19

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

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Trump plows into Libra debate as politicians face crytpo learning curve

07/12/19

As Congress and the SEC were taking steps to regulate alternative currencies, they required a deep knowledge of the cryptocurrency market and technologies. For those who put off their crypto education, Facebook's Libra is a wake-up call.

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