Morning scan

Cordray takes heat; Apple Pay fails to click

04/06/17

CFPB director accused of being "asleep at the wheel" during the Wells Fargo scandal; consumers and retailers both reluctant to use Apple's mobile payment service.

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Richmond Fed chief resigns; More Wells sales issues

04/05/17

Jeffrey Lacker admits his involvement in a 2012 leak that sparked a criminal probe by the Fed; Wells has fired dozens in its credit card processing unit for inflating merchants' sales figures.

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Wells ordered to rehire whistleblower; Dodd-Frank delay

04/04/17

Bank will also pay $5.4 million to former manager who spotted fraud; overhauling Dodd-Frank will have to wait until summer.

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Tarullo's last week at the Fed; Elevate: We're a bank

04/03/17

The Fed's chief regulator leaves a legacy of strong banks; marketplace lender tries an IPO again by touting its balance sheet.

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Social media no-nos; Is the public cloud safe?

03/31/17

Former U.K. banker is fined by regulator for using WhatsApp to discuss deals; Chase believes the public cloud is safe enough for banking applications.

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Another bank fudges; Santander auto unit fined

03/30/17

Citizens Financial workers say they made up meetings with bank customers to meet sales pressures; car financing subsidiary settles with two states for $26 million for making bad loans.

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SEC rejects another bitcoin ETF; Mixed day for Wells

03/29/17

Digital currency proponents now pin their hopes on a bitcoin futures contract; bank reaches $110 million settlement with customers over phony accounts but gets "needs to improve" CRA rating.

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Supreme Court won't hear swipe fee case; Pimco settles

03/28/17

Former "Bond King" and the firm he co-founded patch up their differences for a reported $81 million; Supreme Court inaction means merchants can pursue more claims against Visa and Mastercard over swipe fees.

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Banks discuss cost cuts; Bank stocks threatened

03/27/17

Large banks may collaborate to reduce back-office expenses; survey says banks give in to customers who ask for reduced fees.

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'Doogie Howser' closes fund; Eye on culture

03/24/17

Former Goldman wunderkind Eric Mindich closes $7 billion Eton Park hedge fund as returns suffer, assets shrink; San Francisco Fed chief says bank culture is regulatory concern.

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