SEC enforcement

Ripple says it faces SEC lawsuit as cryptocurrency XRP drops


The company did not disclose the nature of the suit, but CEO Brad Garlinghouse has long disputed the Securities and Exchange Commission's claim that XRP is a security, not a currency.


SEC fines former Ocwen exec for insider trading before CFPB, PHH news


A former Ocwen Financial executive is settling Securities and Exchange Commission charges that he engaged in insider trading related to his company's dealings with Altisource Portfolio Solutions following a CFPB enforcement action and its upcoming merger with PHH Corp.


Additional Wells misdeeds obscured by arbitration: Calif. official


State Treasurer John Chiang says that Wells Fargo is keeping patterns of abuse hidden from view by resolving customer disputes through private arbitration.


Citi fined for fraudulent loans in Mexico, unauthorized trading


The Securities and Exchange Commission sanctioned Citigroup because of unauthorized proprietary trading as well as for the failure to detect suspect loans issued by its Banamex unit.


B of A whistleblowers get $83 million; Activist buys Barclays stake


Three unnamed "senior" employees helped the SEC win a $415 million settlement from the bank; Sherborne Investors takes a 5.2% stake in the British bank.


Wall Street suppressing its #MeToo reckoning: Warren, Senate Dems


Sen. Elizabeth Warren, D-Mass., and two colleagues are seeking more information from securities regulators about whether Wall Street firms are covering up signs of sexual harassment.


CFPB's Mulvaney jabs at Warren while endorsing credit unions


Acting CFPB Director Mick Mulvaney dismissed concerns by Sen. Elizabeth Warren, D-Mass., about his leadership of the consumer agency while supporting a lighter regulatory touch for credit unions.


Senators call for investigation of insider stock sale by Equifax execs


Thirty-six lawmakers signed a bipartisan letter Tuesday calling for an investigation into the sale of stock by Equifax executives between a data breach at the firm and when it was disclosed.


B of A executive spared any fine after bank's $415M penalty


William Tirrell, the former head of regulatory reporting at the bank's Merrill Lynch unit, negligently caused the firm to violate securities rules but will pay no penalty, the SEC says.