Law and regulation

Barclays identified potential money laundering linked to currency transactions at its business in South Africa, where the British lender plans to wind down its investment.

A Malvern Bancorp director has resigned following a disagreement over one of the Paoli, Pa., company's clients.

WASHINGTON — A bank regulatory relief plan put forward by Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig is getting support in the House.

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.

Twelve states hold their primaries on March 1, and the outcome could determine once and for all who the 2016 presidential nominees are for Republicans and Democrats. But there are also state primaries that could have a big impact on the general election this year. Here are four things for bankers to watch out for:

There are good, bad and ugly stories about how marijuana entrepreneurs deal with taxes and other financial management issues while having little access to banking services.

Western Union has promoted Jacqueline Molnar to chief compliance officer.

Many of the presidential candidates have backed steps to lighten community banks' burden, but we don't need to count on grandiose stump speeches and campaign pledges to make a difference.

Love him or hate him, Trump provokes strong reactions from much of the electorate, bankers included. His volatile temperament and penchant for showmanship have left many skeptical, but some see his business experience and dealmaking savvy as a positive.

The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.

The former chief executive of a Georgia community bank that participated in the Troubled Asset Relief Program was sentenced to prison and fined $3.9 million for hiding the bank's past-due loans and committing other fraud.

Regulators’ focus on having banks and credit unions offer payday loan alternatives to underserved consumers overlooks the success of Web-based companies in filling credit gaps.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

The Consumer Financial Protection Bureau has not named a permanent deputy director since July. Given the contentious political battle over Richard Cordray's recess appointment and ultimate confirmation by the Senate in 2013, some former officials say it may wait until after the election to make a choice. Here's why.

WASHINGTON — Democratic senators introduced a bill Thursday that would separate out medical debt from other types of consumer debt for credit reporting purposes.

After the financial crisis led to a long nationwide drought in the creation of new banks, the second de novo bank application in less than a year has been submitted in California.

Tech giants like Intel and Apple are doing more business with women- and minority- owned underwriters; Christine Lagarde has five more years at the IMF; and why Lehman Sisters might not have failed. Plus, are girls getting a bad rap from dictionaries and bad counsel from parents?

WASHINGTON — Regulators announced Thursday that they are imposing $4 million in fines against Gibraltar Private Bank and Trust Co. in Coral Gables, Fla., for defective anti-money-laundering programs.

Preparing for the inevitable future credit crisis by setting aside more loss reserves is a step toward avoiding government bailouts.

A day after Consumer Financial Protection Bureau Director Richard Cordray told financial industry executives that Congress did not intend to exempt small institutions from most rules, several lawmakers begged to differ.