Penalties and fines

OCC plans CRA changes; Goldman promotes more women

11/15/19

The FDIC and the Fed have yet to sign on to the plan; this year’s managing director class includes fewer overall, but a higher percentage are women.

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Goldman may change its focus; Credit Suisse revamps investment bank team

11/12/19

Goldman may abandon its revenue goal; in an attempt to boost revenue, Credit Suisse picks new leaders for its investment banking and capital markets unit.

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Experian offers help to borrowers; Goldman scouts Europe

11/07/19

The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic.

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Pennsylvania regulators hit SoFi with enforcement action

11/04/19

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

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SOFR-linked deals plummet; 1MDB scandal mastermind settles with DOJ

10/31/19

Issuance of securities backed by the ostensible Libor replacement hit by money market turmoil; Jho Low will surrender luxury assets.

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Capital One's triple whammy

10/25/19

The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.

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Citi fined $30 million over how it handled foreclosed property

10/11/19

The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned."

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Libra may lose PayPal backing; CFTC levies rare swaps fine

10/04/19

The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules.

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Enforcement actions are still a tool in CFPB arsenal, Kraninger says

09/09/19

Public orders are an effective way to discourage violations of consumer protection law, the bureau's director said at a credit union conference.

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Fed's examination of the cloud; lawmakers seek meeting with CapOne, Amazon

08/02/19

A Fed team toured an Amazon facility at about the same time Capital One’s data was hacked; House oversight members want answers from the CEOs of the two companies.

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