Michael J. Bresnick

Michael J. Bresnick, a former federal prosecutor and executive director of President Obama's Financial Fraud Enforcement Task Force at the U.S. Department of Justice, is currently chair of the financial services investigations and enforcement practice at Venable LLP in Washington, D.C.

Marketplace lending

How Far Will RICO Probes of Online Lenders Go?

Recent prosecutions against lenders accused of usury violations will test the government's use of a law more commonly known in organized crime cases.

By Michael J. Bresnick

April 25
Law and regulation

How Regulators Can Fight De-Risking

As actions such as Operation Choke Point continue, the government should acknowledge the tension institutions face between serving a community and facing increased regulatory scrutiny.

By Michael J. Bresnick

April 7

TRENDING

Regulation and compliance

Pathward Bank to pay more than $700,000 for compliance failure

The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.

By Catherine Leffert

5h ago
Earnings

Citizens reports fast progress in building its private bank

The Providence, Rhode Island, company is having discussions with private wealth management teams elsewhere as it seeks to expand its fledgling private bank. In just three months, private banking deposits doubled to $2.4 billion.

By Allissa Kline

5h ago
Earnings

'Higher-for-longer' hits U.S. Bancorp as funding costs stay elevated

After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.

By John Reosti

7h ago