Disputes and judgments

NCUA lays out legal defense of contentious membership rule


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


Wells Fargo's latest troubles suggest tougher stance by OCC


An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal.


Beware the tidy narrative about Operation Choke Point


Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.


Ex-CEO whose bank hid drug cash is said to avoid charges


The Justice Department has decided against prosecuting three former U.S. executives of Rabobank that admitted it hid evidence about the flow of Mexican drug-cartel money, according to four people with knowledge of the probe's final stages.


Deutsche CEO puts management on blast; Chinese banks use lie detectors


Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics.


California man who sold bank data to Russians sentenced to one year


A California man who says he unwittingly helped Russia conduct a disinformation campaign on social media before the 2016 U.S. presidential election has been sentenced to six months in prison and another six months of home confinement.


LendingClub resolves two federal probes involving its former CEO


The Department of Justice and the Securities and Exchange Commission announced settlements Friday related to alleged misconduct that occurred during Renaud Laplanche’s tenure atop the online lender.


Former LendingClub CEO fined for misusing investor funds


Renaud Laplanche agreed to pay $200,000 and accept a ban from the securities industry to settle a long-running SEC probe. A LendingClub subsidiary and the firm's former CFO, Carrie Dolan, were also fined.


Are Wells Fargo, PNC probes a setback for affordable housing?


Advocates are seeking more federal funding for affordable housing. A federal investigation into the banks’ alleged manipulation of a popular tax-credit program can’t be helping their cause.


JPMorgan whistle-blower gets record $30M from CFTC


The Commodity Futures Trading Commission has approved a record $30 million whistle-blower award, the result of information that helped the agency sanction JPMorgan Chase for failing to properly inform some wealthy clients about conflicts of interest behind its investment recommendations