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Wells Fargo will pay up to $5 million to resolve allegations it discriminated against mothers on maternity leave, the largest settlement of such claims ever reached by the Department of Housing and Urban Development.
October 9 -
Bankers should temper their criticism of new regulations with some support for reform, lest the American public think the industry has failed to heed the lessons of the financial crisis.
October 9
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The same broad powers that allowed the federal government to place Fannie Mae and Freddie Mac into conservatorship also allow it to reconstitute both companies.
October 9
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In a piece on The Clearing House website, Comptroller of the Currency Thomas Curry said the culture fostered by top executives can have more to do with creating problems at banks than individual bad decisions.
October 8 -
The Consumer Financial Protection Bureau is raising questions about the policies and data banks use to vet consumers before allowing them to open a checking account.
October 8 -
There's a growing push to revisit how banks are determined to be "systemically important" under the Dodd-Frank Act, but questions about how to resolve the problem still loom large.
October 8 -
The Mortgage Bankers Association continues to push back against regulations stemming from the financial crisis, as the industry's biggest lobbying group continues pushing for regulatory relief to bolster the housing market and boost profits for its members.
October 8 -
The Offices of Minority and Women Inclusion should require financial institutions to perform regular, standardized and data-driven assessments of workforce and supplier diversity.
October 8
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The FSOC must provide well-reasoned justifications as to why it chooses to designate a firm as systemically important and provide a clear outline of the steps that companies can take to rid themselves of the SIFI label.
October 8
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WePay is adding white-label risk management and other merchant services in an effort to reach digital marketplaces that are under pressure to improve user experience.
October 8



