Compliance

FDIC hits Pacific City with stronger reg order for BSA compliance

05/06/19

The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement.

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Wells Fargo expects to refund debit-card fees amid review

05/03/19

Wells Fargo & Co. said it expects to refund certain fees paid on debit-card accounts as it reviews disclosures that may have confused customers.

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Trump: Stephen Moore out as potential Fed nominee

05/02/19

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

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New York launches its own 'mini CFPB'

04/30/19

The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania.

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Critics fear shift at CFPB will let firms off the hook

04/29/19

Director Kathy Kraninger said the agency will emphasize a confidential supervisory process instead of just doling out public enforcement actions. But skeptics worry this will let companies escape punishment.

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CFPB announces debt collection town hall as it preps new proposal

04/29/19

The debt collection proposal is expected to address how debt collectors can use text messages and emails to track down debtors.

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Visa, Mastercard finalize EU card probe with fee cut pledge

04/29/19

Visa Inc. and Mastercard Inc. ended nearly two decades of European Union antitrust scrutiny with a pact that requires them to reduce fees for foreigners shopping in the region.

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The Most Powerful Women in Banking: Next

04/28/19

Get ready to meet 15 women — ages 40 and under — whose accomplishments and influence set them apart.

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Rachel Bryant, Regions Bank | Most Powerful Women: Next

04/28/19

Rachel Bryant specializes in risk management, and she applies that framework not only to her job duties, but also to her career path.

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Lian Duan, China Merchants Bank | Most Powerful Women: Next

04/28/19

"If you gathered the U.S.-based senior counsels of the major Chinese banks operating in the United States," said Joseph Loffredo, assistant general manager and chief financial officer at the New York branch of China Merchants Bank, "you'd find one outlier, a lady about half the age of most of the others."

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