In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures it says regulators have deemed "inappropriate." ... Read full article
Money laundering in Latin America is said to be worsening and a corruption probe in Brazil adds to the worries, but Latin American banks are fighting hard to preserve business with U.S. banks. ... Read full article
The beneficial ownership regulation, meant to catch financial criminals, has produced data that is useful in making small-business loans, LexisNexis Risk Solutions says. ... Read full article
Banking is not a “static” business, and must be allowed to evolve, Comptroller of the Currency Thomas Curry said Friday. ... Read full article
Sweeping new data-sharing rules require a substantial IT revamp at large financial institutions. ... Read full article
Finra now has punished just one person associated with JPMorgan's admitted nationwide fiduciary violation of its clients: a whistleblower. ... Read full article
Reader reactions to criticism of Jamie Dimon, the House GOP ganging up on Richard Cordray, a bank's decision to part with Excel to measure credit losses, and more. ... Read full article
Such reinstatements are unusual, and could signal a more aggressive approach by the government to protecting whistleblowers in the financial services sector. ... Read full article
Although the Dodd-Frank Act made some positive changes, the weight of its regulations is killing small banks, Bank of America CEO Brian Moynihan said Tuesday. ... Read full article
Nearly 40 current and former congressional Democrats — including the namesakes of the Dodd-Frank Act — challenged the notion that Congress may not dictate the organization of federal agencies. ... Read full article
The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said. ... Read full article
The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights. ... Read full article
The settlement, which requires judicial approval, will cover customers' fees and other costs related to about 2 million unauthorized accounts. ... Read full article
Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights. ... Read full article
The U.S. Supreme Court refused to revive a $5.7 billion settlement of retailer claims that Visa and Mastercard improperly fixed credit card swipe fees, in a rebuff that could mean years of additional litigation. ... Read full article
The regulator said that Santander has not made sufficient progress in complying with a 2015 enforcement order. ... Read full article
Card issuers are sounding the alarm about the Consumer Financial Protection Bureau's final prepaid rule, claiming that without fixes the agency has opened the door to potential fraud on unregistered cards. ... Read full article
Coinbase has received approval from the New York State Department of Financial Services to offer trading of the digital currency Ether, along with other products. ... Read full article
David Cotney, former Massachusetts banking commissioner, will guide compliance for the New Jersey bank, a critical partner for many fintech startups. ... Read full article
Firms need to evaluate risks ranging from hackers spreading false information about the bank to an executive’s inappropriate social media posts. ... Read full article
