News Topic: Compliance

Attorney General Jeff Sessions made headlines in January when he tightened federal marijuana enforcement. But the good news for financial institutions looking to service the pot industry is that the rest of the government has responded with a shrug. ... Read full article

Senate Democrats accused Housing and Urban Development Secretary Ben Carson and his agency of failing to enforce fair housing laws. ... Read full article

Financial Institutions, the parent of Five Star Bank, was hit with a "needs to improve" rating after a review of its activities from 2011 to 2013. ... Read full article

Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients. ... Read full article

From inappropriate touching to belittling comments, women advisors confront workplace environments that are far from welcoming. ... Read full article

California officials had accused Advance America of wrongly assessing Department of Motor Vehicles fees on its payday loans to skirt the state's interest rate cap. ... Read full article

After some modest success pushing companies to add women to board, State Street is raising the bar; a few key departures have left the ranks of the world’s central bankers even more male-dominated. ... Read full article

Financial agencies must prepare themselves to evaluate the practical effects of automated decision-making in lending and other programs to better detect fair-lending violations. ... Read full article

The Minneapolis bank has been operating since October 2015 under a consent agreement that stemmed from deficiencies in its efforts to combat money laundering. ... Read full article

A New Hampshire bank CEO argues that the reform bill awaiting a vote in the Senate will free up community banks to focus more on their customers and less on compliance. ... Read full article

The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management. ... Read full article

The Consumer Financial Protection Bureau issued a request for information Thursday on the bureau’s public reporting of consumer complaints, which has long vexed the financial services industry. ... Read full article

Two civil rights groups in Texas allege that Capital One's TV ads featuring black celebrities encourage minority customers to deposit money and use debit cards, while its branch closings in their neighborhoods cut them off from loans and other ... Read full article

Regulator asks three banks for information on dealings with president’s son-in-law; Both interfered with the bank’s investigation into an executive’s behavior. ... Read full article

New York's banking regulator has asked Deutsche Bank and a pair of local lenders to provide information about their relationships with Jared Kushner, his family and the Kushner Cos., according to people familiar with the matter. ... Read full article

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures. ... Read full article

Shares of the Providence, R.I., company plunged Monday, following a news report that it faces possible legal risks from the latest charges filed against Paul Manafort, the former campaign manager for President Trump. ... Read full article

As financial services companies cool on gun sales, alternative currencies may step in to pick up the slack. ... Read full article