Risk management

Wells Fargo's Sloan to Congress: 'We are taking responsibility'

03/11/19

Wells Fargo CEO Tim Sloan said that the megabank has worked to address past issues and is equally committed to preventing new problems from arising, despite reports suggesting otherwise.

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TransUnion innovation lab expanding to Canada, India

03/07/19

The lab works with more than 200 data scientists to create access to affordable credit and help financial firms match products to customers, the company says.

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Wells Fargo hires KeyCorp executive to shore up risk management

03/04/19

Maria Teresa Tejada joined the bank Monday as chief strategic enterprise risk officer.

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USAA ordered to improve risk management, information security

02/15/19

The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.

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Fed's Quarles lays out new vision for Financial Stability Board

02/11/19

The Federal Reserve’s top regulator, who assumed the chairmanship of the international board in November, said the FSB should explain the rationale behind its financial benchmarks while establishing new ones to combat emerging threats.

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ADA lawsuits tied to websites mount: Should banks fix, or fight?

02/10/19

At least 14 suits have been filed this year alone accusing banks of operating websites that violate the Americans with Disabilities Act. Some banks prefer settlements to investments in technological overhauls, but experts say that strategy could be costlier in the long run.

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House panel schedules long-awaited hearing on pot banking

02/06/19

The Feb. 13 hearing marks a turning point in long-running efforts in Washington to ease bankers' fears about serving the cannabis industry.

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Brown calls on Fed to raise capital buffer for biggest banks

01/31/19

The top Democrat on the Senate Banking Committee is warning that excessive optimism in the banking system could lead to another crisis.

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Wells Fargo bends to critics in its latest response to scandals

01/30/19

In a lengthy report released Wednesday, the bank pledged to protect whistleblowers, better handle customer complaints and re-examine its lending practices.

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Senate Democrats urge bank regulators to assess climate risks

01/28/19

The lawmakers want U.S. banking agencies to join their international peers in ensuring the financial system is resilient to climate-related risks.

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