Compliance

Visa sees sharp benefits from India's cash crisis

02/02/17

India's sudden shakeup of its currency system last fall was an early holiday for digital payment companies, and Visa was no exception.

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Investors Bancorp, Bank of Princeton call off planned merger

01/24/17

The deal had been delayed since Investors had been hit with a BSA-related regulatory order.

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Beyond robo-compliance: How bots will soon permeate banking

01/23/17

Banks are becoming more comfortable with robotic process automation and could use it overhaul everything from the payroll functions to advising customers.

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Reforming CFPB isn't enough. Eliminate it.

01/23/17

The Consumer Financial Protection Bureau is drunk on power. Let’s return the agency’s regulatory responsibilities to the states and those agencies covering the relevant industries.

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Money laundering enforcement: Lessons from the Western Union case

01/20/17

Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.b

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TCF tricked customers about overdraft opt-ins, CFPB suit alleges

01/19/17

The Consumer Financial Protection Bureau on Thursday sued TCF National Bank for what the bureau said were deceptive and abusive practices in selling overdraft services.

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Western Union admits to money laundering, fraud crimes

01/19/17

The global money transmitter will pay $586 million and implement an anti-fraud program in order to resolve allegations that it enabled widespread misconduct by some of its employees.

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JPMorgan says it has settled U.S. bias suit over mortgages

01/18/17

JPMorgan Chase & Co. agreed to pay $55 million to settle U.S. allegations of racial discrimination in home loans through mortgage brokers, leading black and Hispanic borrowers to pay higher interest rates and fees from 2006 to 2009, a person familiar with the matter said.

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Wells' new pay plan is 'not that radical' – and that's good news for rivals

01/17/17

The embattled company's new incentive pay plan appears to resemble those used by other banks, which suggests that regulators are unlikely to demand big changes throughout the sector.

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N.Y. grants BitLicense to Coinbase amid firm's legal battle with IRS

01/17/17

Bitcoin exchange and digital wallet provider Coinbase has received a virtual currency and money transmitter license — commonly known as a BitLicense — from the New York State Department of Financial Services.

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