Financial crimes

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.

Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more.

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths.

New technologies could ease the compliance burden for many institutions but some say they could also widen the divide between large and small credit unions.

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers.

The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic.

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start.

The ECB and BaFin say dual roles “could undermine” bank's restructuring efforts; JPM shifts cash into long-term bonds because of capital rules.

It's time to establish a fintech commission.

CEO tells employees he wants them to be 'impatient' in fixing the bank’s woes; the new independent body would police banks’ compliance with AML regulations.

The company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City.

The former credit union employees are now banned from working at federally insured institutions.

Treasury secretary says regulators could look to help ease liquidity logjam in money markets; workers will get special bonuses for the third straight year.

President Xi wants faster research on blockchain, the technology behind digital currencies; low rates bring best home loan quarter in 14 years.

As Cybersecurity Awareness Month draws to a close, Credit Union Journal queried industry leaders about the biggest threats facing their institutions.

Beneficial-ownership legislation is within the banking industry’s reach, but the prospect of new regulatory burdens for small businesses is forcing lawmakers to choose sides.

With more baby boomers aging, credit unions must adopt policies and practices to help identify and stop these crimes.

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start.

Division is making progress, helped by a rise in branded credit cards; about 200 bankers in agriculture and energy lending let go in recent months.