Compliance

Community banks like mine sorely need regulatory relief

03/05/18

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.

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Weakness in internal controls surfaces at Valley National

03/02/18

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.

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CFPB seeks input on consumer complaint portal

03/01/18

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.

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Capital One marketing oversold, underdelivered to minorities, lawsuit says

03/01/18

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 services.

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Kushner bank loans questioned; B of A fires two in harassment probe

03/01/18

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.

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Kushner loan details sought from Deutsche Bank, two others

02/28/18

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.

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PayPal settles Venmo disclosure complaints with the FTC

02/27/18

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

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Citizens defends AML controls amid questions about ties to Manafort, Russian meddling

02/26/18

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.

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Crypto poised to take over gun sales if banks bow out

02/26/18

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

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Citi to refund $335 million after finding card APRs too high

02/23/18

Citigroup Inc., one of the world’s largest credit card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower.

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