Crime and misconduct

Banks hail Volcker Rule change; Subprime mortgages are back

08/21/19

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

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Warren: Trump DOJ settlements let big banks off easy

08/20/19

Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department.

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JPMorgan, Citi among banks facing $1 billion FX-rigging suit

07/29/19

It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions.

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Morgan Stanley tries the cloud; Santander-Orcel feud escalates

07/26/19

“Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds.

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CFPB urges financial institutions to report elder fraud cases

07/17/19

The consumer bureau said banks are "uniquely positioned" to know if an elderly customer is being targeted by fraudsters.

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Fed officials differ on stress tests?; Deutsche's golden parachutes

07/10/19

Powell sees need to "keep firms on their toes" while Quarles wants easier tests; €52 million paid to leaving execs nears total paid to board.

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Debt settlement firm deceived customers about its services: CFPB

07/09/19

Freedom Debt Relief claimed it could negotiate on consumers’ behalf with creditors that in fact avoided dealing with debt settlement companies, the agency alleges.

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Manafort's banker banned by OCC

07/01/19

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting.

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It’s time to reconsider job applicants with criminal records

06/26/19

Credit unions and the rest of the financial services sector, in the spirit of recent criminal justice reform, should be more open to hiring workers with low-level criminal convictions.

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Facebook partners not sure about Libra; Northern Trust's exposure

06/26/19

Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund.

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