Compliance

N.Y. Fed doesn’t need a regulator who whiffed on Wells

03/28/18

San Francisco Fed President John Williams is not suited to lead the most important of the regional Fed banks, given his inability to detect the phony-accounts problems at Wells Fargo. He also lacks of Wall Street experience.

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DOJ pot crackdown has yet to hit banks

03/23/18

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.

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Senate Dems criticize Carson over HUD enforcement practices

03/22/18

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

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Federal Reserve lowers CRA rating for New York bank

03/16/18

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.

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Coinbase gets a U.K. money license and reportedly a bank account

03/14/18

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.

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Wealth management fares worst in broad study of sexual harassment

03/12/18

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

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Payday lender to settle fee-practices probe

03/12/18

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.

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Better representation in corporate boards, less diversity in central banking

03/08/18

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.

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Regulators need to step up their game to stop tech-based discrimination

03/07/18

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.

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U.S. Bancorp expects regulatory order to be lifted by end of year

03/06/18

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

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