Law and legal issues

CUSO Financial Services, which was acquired by Atria Wealth Services in 2017, is being sued for allegedly violating FINRA rules.

The bank said it will look outside the company for a replacement; HUD alleges the social media giant allowed real estate firms to target groups in their advertising.

Mainstream firms are joining the push to let cannabis firms use banks; the companies say they can help banks make lending decisions quicker.

Prosecutors working for Special Counsel Robert Mueller raised the prospect that a $1 million loan to Paul Manafort in 2017 from an "opaque" Nevada company might have been a "sham transaction" in which no repayment was ever expected.

The bureau had already proposed removing the underwriting portion of the rule, but a judge in Texas has indefinitely delayed the other key component as well.

Readers debate the odds of legislative reform to Fannie Mae and Freddie Mac, consider the growing problem of "friendly fraud," weigh ways to avoid reputation problems and more.

In a unanimous ruling, the court placed new limits on the ability of consumers to sue law firms that handle foreclosures on behalf of mortgage servicers.

The online lending industry has turned to the courts, Congress and now federal banking agencies in an effort, thus far fruitless, to blunt the impact of a 2015 appeals court ruling.

A number of credit unions have faced lawsuits alleging their websites failed to meet the standards of the Americans with Disabilities Act.

PricewaterhouseCoopers settled a lawsuit in which the FDIC accused it of negligence in its role as external auditor for Colonial Bank. But FDIC board member Martin Gruenberg objected because the firm did not accept blame.

The 65 people laid off in late February is only the beginning, report says; Bank of America CEO also tackles mortgages, the economy and gender issues.

Seven years after James Gutierrez left Oportun Financial and started a competitor, the acrimony sparked by the divorce is coming into public view.

The trade association met with the Justice Department to reiterate credit union concerns about how the Americans with Disabilities Act applies to websites.

Wells Fargo CEO Tim Sloan said that the megabank has worked to address past issues and is equally committed to preventing new problems from arising, despite reports suggesting otherwise.

Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting.

Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.

The decision shows how hard it is to prosecute an individual banker; reports say Nordea, the Nordic area’s largest bank, handled suspicious transactions.

The settlement would mark a rare instance where the bank stands to benefit monetarily from a scandal that has severely damaged its reputation and cost it hundreds of millions in penalties.

A federal judge has offered a split decision in a suit regarding Marriott Employees Federal Credit Union, denying plaintiffs' request for damages but refusing to throw the case out entirely.

At least five banks have warned about the potential loss of tax benefits if it is proven that DC Solar operated an investor scheme.