Compliance

Guidance on regulatory expectations is helpful, but it is not yet clear whether such guidance gives financial institutions impetus to onboard or keep clients they perceive to be riskier.

Employee termination notices sent by Wells Fargo to the Financial Industry Regulatory Authority raise new questions about the bank's knowledge of fraudulent account openings and indicate it may have taken retaliatory measures against potential whistleblowers, three Democratic senators alleged Thursday.

Wells Fargo chief Tim Sloan on Thursday downplayed the financial damage from the bank's phony-accounts scandal and insisted there is still a role for cross-selling if conducted properly.

The guidebook is a project of the regulator’s Small Credit Union Learning Center.

No matter the outcome of the divisive 2016 election, the many regulations still in the pipeline from financial regulators are not going to come to a screeching halt when the next president takes the helm in January. But of the various agencies, the one most vulnerable to change is the National Credit Union Administration.

Payments technology is showing up in places that were unimaginable just a few years ago. That creates new opportunities for merchants and banks, but also new opportunities for fraudsters.

While some banks allow existing customers to pay by selfie, BBVA is using them to get new customers.

Ransomware attacks are on the rise, as cybethieves find other types of exploits less profitable and bitcoin helps them cover their tracks. Banks must strategize how to avoid becoming victims – or, failing that, mitigate the damage.

Among the troubles for Rush Credit Union are missing money, mysterious deeds to foreign properties and a car raffle that may have been rigged.