Risk management

Crapo presses banks to keep serving 'politically disfavored' industries

03/27/19

Letters to eight bank CEOs from the Idaho senator were a rebuttal to calls by some Democrats for financial institutions to cut ties with firearms manufacturers, prison companies and others.

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Financial firms could not cut ties to firearms clients under GOP bill

03/21/19

The bill by Sens. Kevin Cramer, R-N.D., and John Kennedy, R-La., would block banks and credit unions with over $10 billion of assets from refusing service to "customers that may not share the same political values."

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World's top banks increased fossil-fuel financing in 2018

03/20/19

U.S. banks accounted for nearly 40% of the financing worldwide to such firms, according to a report by Rainforest Action Network.

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Fed chief hints Wells Fargo's regulatory issues are far from over

03/20/19

Speaking at a press conference, Federal Reserve Chairman Jerome Powell said the bank’s risk management failures have required a dramatic overhaul of its processes.

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Citi mortgage discount program violated Fair Housing Act: OCC

03/19/19

The bank was fined $25 million for what the Office of the Comptroller of the Currency said was an inability to provide the discounts to all who were eligible.

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Lower FICOs, higher DTIs prompt a change in FHA loan underwriting

03/18/19

The Federal Housing Administration is returning to manual reviews of higher-risk loans it insures because it's finding that a growing share have lower credit scores, higher debt-to-income ratios, or both.

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What's behind OCC’s public rebuke of Wells Fargo?

03/15/19

Federal regulators normally hesitate even to name specific institutions, but the Office of the Comptroller of the Currency appears to be taking a different tack with Wells.

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Banks have even less room for error with bad behavior

03/15/19

With regulators and policymakers studying their every move, financial institutions need to put more focus on preventing mistakes in the first place.

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Wells Fargo's Sloan 'should be shown the door': Waters

03/14/19

House Financial Services Committee Chairwoman Maxine Waters said the CEO's 2018 bonus was "outrageous and wholly inappropriate" and called for his removal.

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Green Dot enlists social media influencers in banking-as-service push

03/12/19

The digital lender and payments platform is tailoring its affinity banking services for a new market.

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