Compliance

How banks want to reshape anti-money-laundering regime

02/16/17

The financial industry has been bracing for the Trump administration’s planned revisions to Dodd-Frank, but banks are taking aim at another, potentially even more consequential regulatory framework: the rules and procedures around curbing money laundering and financial support of terrorism.

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CFPB looking to alternative data to help unbanked

02/16/17

The Consumer Financial Protection Bureau is seeking feedback on the benefits and risks of using alternative data sources, such as rent or utility payments, that would allow lenders to build a credit history for unbanked consumers.

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Why some fintech firms are saying no thanks to OCC charter

02/15/17

Some fintech firms are flatly rejecting the Office of the Comptroller of the Currency's creation of a charter for such firms, citing fears that it will come with too many strings attached.

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Bancorp, continuing cost cuts, to sell European payments line

02/10/17

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues.

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JPMorgan accused of nickel-and-diming jurors on debit cards

02/09/17

For some people, jury duty is a dreaded American civic obligation. Now, JPMorgan Chase & Co. is adding another unwelcome element: banking fees.

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FTC names new consumer protection chief

02/08/17

Most recently Thomas Pahl worked on debt collection and credit reporting issues as a partner at Arnall Golden Gregory in Washington.

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FTC's top consumer protection official resigns

02/07/17

Jessica Rich, who joined the agency in 1991, is stepping down in mid-February, the FTC announced Tuesday.

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Thomson Reuters makes two deals in a hot identity space

02/06/17

The information giant agreed to buy two data businesses from the DTCC as regulators' demands for transparency fuel calls for shared industrywide solutions.

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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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