Penalties and fines

OCC plans CRA changes; Goldman promotes more women


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.


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


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.


Experian offers help to borrowers; Goldman scouts Europe


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


Pennsylvania regulators hit SoFi with enforcement action


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.


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


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


Capital One's triple whammy


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.


Citi fined $30 million over how it handled foreclosed property


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


Libra may lose PayPal backing; CFTC levies rare swaps fine


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.


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


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


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


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.