Compliance

Regulators, analysts and investors are likely to take a thorough look at other banks' cross-selling tactics following Wells' settlement with federal agencies for illegally enrolling customers in products and services.

Cybersecurity enforcement efforts need to be better coordinated across government agencies, financial industry groups said in a letter Friday to the National Institute of Standards and Technology.

With fewer than 60 days until one of the most controversial elections in recent history, Congress is entering its second week back from recess. But questions remain as to how long the legislature will actually stick around before breaking for the general election.

State-chartered CUs now have full voting rights with the trade group – something that was formerly only open to federally chartered credit unions.

It’s become an all-too-familiar story – a big bank is caught doing something bad, it pays a fine, some lower-level employees are let go while higher-level executives appear to get off scot free and no criminal charges are assessed. Many see that happening again at Wells Fargo.

Marketplace lenders that have partnered with banks face more scrutiny after a federal judge in California handed a legal victory last week to the Consumer Financial Protection Bureau.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for bank examiners.

The settlement underscored how incentives and sales goals led employees to illegally open new accounts, transfer customer money to the accounts, and create PIN numbers and emails without customers' authorization, regulators said.

The Federal Financial Institutions Examination Council has released updated cybersecurity guidance for examiners at financial institutions.

It’s well known that blockchain technology decentralizes decision making and fosters decision by consensus.