Compliance

Merchants accept Supreme Court stipulation on New York surcharging

01/09/19

The number of states not allowing surcharging on credit card purchases continues to dwindle, as New York now gives merchants the option to charge fees as long as they make the costs clear to consumers.

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OCC names Senate Banking lawyer its No. 2

12/26/18

Jonathan Gould, the committee's chief counsel, has been hired by the Office of the Comptroller of the Currency as senior deputy comptroller and chief counsel.

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U.S. Bank, Citi freed from Obama-era enforcement orders

12/21/18

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.

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Mastercard hires Liz Oakes to bolster real-time payments

12/21/18

Former McKinsey & Company associate partner Liz Oakes has been named Mastercard's executive vice president of market development for the New Payments Platforms division.

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How should Kraninger run CFPB? Warren has some ideas

12/20/18

The Massachusetts senator and critic of Trump administration policies sent the new CFPB director an expansive list of to-do items for her first month on the job.

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House Dems urge CFPB’s Kraninger to commit to military lending exams

12/14/18

Former CFPB chief Mick Mulvaney had claimed the agency could not supervise firms for Military Lending Act compliance, but lawmakers want his successor to go in a different direction.

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Robinhood's checking account poses legal issues: SIPC chief

12/14/18

The fintech Robinhood did not contact the Securities Investor Protection Corp. to discuss protection for deposits, according to SIPC CEO Stephen Harbeck.

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Heat's rising on Deutsche Bank; foreign banks get tax relief

12/14/18

Two U.S. senators demand an investigation into the German bank over security, criminal risks; the Treasury has proposed rules to help foreign banks deal with last year’s tax law.

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A challenge too good to pass up put Simone Lagomarsino back in the C-suite

12/10/18

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

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NCUA lays out legal defense of contentious membership rule

12/07/18

The regulator claimed Congress has already granted it the authority to define field-of-membership areas.

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