Disputes and judgments

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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Wells Fargo's latest troubles suggest tougher stance by OCC

12/06/18

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.

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Beware the tidy narrative about Operation Choke Point

11/08/18

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.

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

10/30/18

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.

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

10/29/18

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.

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

10/10/18

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.

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LendingClub resolves two federal probes involving its former CEO

09/29/18

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.

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Former LendingClub CEO fined for misusing investor funds

09/28/18

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.

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

09/18/18

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.

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JPMorgan whistle-blower gets record $30M from CFTC

07/12/18

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

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