Financial crimes

A trio of former credit union employees received lifetime bans from the financial services industry, including one who was accused of stealing almost $15,000.

Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.

Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs.

If Democrats retake both the White House and Senate in the 2020 election, analysts see threats to the industry from the appointment of new regulators and possible reversal of Trump-era deregulation. But legislation imposing new rules on financial institutions would face long odds.

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.

The lender will pay $65 million in restitution and forgive nearly $500 million in auto debt to settle charges that it steered subprime borrowers into risky loans.

The order's removal allows the Delaware company to pursue more opportunities in its payments business.

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.

The company, which develops "persona-based intelligence," software counts Visa and American Express among its clients.

The German bank’s money laundering controls are still not up to snuff, among other problems; three Democrats say banks may have shortchanged small-business borrowers.