Whistleblower

BNY Mellon whistleblower gets $50 million; Citi sees an opening in EMEA

06/05/20

The employee assisted authorities in currency trading investigations that cost the bank $714 million; Citi is eyeing an expansion of its commercial banking ops in Europe, Middle East and Africa as other lenders exit on coronavirus fears.

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CFPB proposes legislation to pay whistleblowers who tip off agency

03/06/20

The agency's effort to engage with lawmakers on a whistleblower award program is one of three initiatives the bureau announced to advance its strategy of preventing consumer harm.

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U.S. Bank worker fired after blowing whistle on sales scheme, suit says

05/06/19

A former call center worker says he lost his job last year after reporting that employees were given incentives to market credit cards to ineligible borrowers.

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Pot banking support grows; Equifax, Fair Isaac partner to sell data to banks

03/27/19

Mainstream firms are joining the push to let cannabis firms use banks; the companies say they can help banks make lending decisions quicker.

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'It’s hard to fix something that’s not really broken': Comments of the week

03/21/19

Readers debate the odds of legislative reform to Fannie Mae and Freddie Mac, consider the growing problem of "friendly fraud," weigh ways to avoid reputation problems and more.

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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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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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AML enforcement needs more whistleblowers

01/07/19

Technology-driven systems aren’t enough to root out anti-money-laundering violations. Congress should consider creating a program that would encourage those with knowledge of illegal behavior to come forward.

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Barclays’ penalty for whistleblower case; 1MDB case expands

12/19/18

Bank hit, but CEO Jes Staley escapes NYS fine for trying to unmask a whistleblower; Malaysia will pursue criminal complaints against Goldman in other countries.

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FHA's $14.4B problem; Danske whistleblower to speak

11/19/18

The agency's mortgage insurance fund has big potential shortfall; Howard Wilkinson can tell U.S. regulators and law enforcement agencies what he knows.

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