Compliance

The Department of Justice wants banks to more fully cooperate with civil investigations. Companies now are expected to "materially assist" the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.

Federal Reserve chair Janet Yellen testified for the second consecutive year on regulatory issues, the fate of Wells Fargo and whether the central bank acts in a political fashion.

The National Credit Union Administration on Tuesday said it will receive $1.1 billion to settle legal claims against Royal Bank of Scotland related to the sale of faulty mortgage-backed securities to two corporate credit unions.

CU Bancorp in Los Angeles has agreed to a consent order to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.

NCUA Chairman Rick Metsger has proposed changing the name of NCUA's Office of Consumer Protection to the Office of Consumer Financial Protection and Access.

The Chamber of Digital Commerce has opened a new outpost in the nation's capital. But instead of looking for a staid law office, the bitcoin advocacy group formed a partnership with the local incubator 1776 to launch the DC Blockchain Center.

The Federal Housing Administration issued a proposal Tuesday that would make it easier for lenders to secure government guarantees for condominium loans.

IBM is introducing a set of new systems and tools to help banks in the U.S., Europe and Asia adapt to certain global initiatives to modernize financial services, including advancing real-time payments and sharing customer data with third parties through APIs.

The Department of Labor said Tuesday it is launching a probe into whether Wells Fargo violated labor laws by instituting stringent sales quotas — practices that led to a $190 million settlement with federal regulators earlier this month.

Lenders are starting to bring artificial intelligence into their lending processes. Some wonder whether the machines can make rational, unbiased choices.