Law and legal issues

The suit is tied to Walmart's decision to shift its credit card business to Capital One.

The two allegedly helped to defraud a Malaysian sovereign wealth fund; Michelle Bowman is expected to bring a Main Street perspective to the central bank.

The lawsuit comes as the $188 milion-asset institution faces backlash from a high-profile national news story that portrayed its business practices negatively.

The Justice Department has decided against prosecuting three former U.S. executives of Rabobank that admitted it hid evidence about the flow of Mexican drug-cartel money, according to four people with knowledge of the probe's final stages.

Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics.

Cash Express LLC allegedly sent customers threats of legal action even though the time for taking legal action had expired.

The civil money penalty from the Office of the Comptroller of the Currency follows a 2015 consent order against the bank, which became a subject of federal questioning after it suspended its business with check cashers.

Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services.

Main Street and Wall Street banks show strong earnings gains over last year; the president calls the Fed’s rate raising policies “my biggest threat.”

The worldwide week-long celebration of credit unions will include two NCUA board meetings focused on issues that have impacted the last five years and could set the stage for the remainder of the decade.

A California man who says he unwittingly helped Russia conduct a disinformation campaign on social media before the 2016 U.S. presidential election has been sentenced to six months in prison and another six months of home confinement.

Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income.

The late-filing credit unions will pay a total of about $4,100 to the U.S. Treasury.

HSBC will pay $765 million to settle allegations that it sold defective residential mortgage-backed securities in the run-up to the financial crisis, resolving one of the London-based bank's last significant legal challenges with the U.S. government.

The company is offering short-term installment loans to its clients’ customers; even institutions not accused of wrongdoing may pay a price.

A two-year-old lawsuit by the CFPB may be languishing, but nine members of the Teachers Federation of America sued the student loan servicing giant alleging that it misled borrowers in public service professions in order to line its pockets.

Hanmi alleges that SWNB's directors actively advised the Houston bank's investors to reject the merger.

Otting says the bank is not moving fast enough to repay customers who were unfairly sold auto insurance; lack of regulation lets traders use software to move prices.

Laplanche agrees to a three-year securities industry ban and a small fine to settle SEC fraud charges on loan sales; analysts are expecting a "tepid" quarter as some trading activity suffers.

The Department of Justice and the Securities and Exchange Commission announced settlements Friday related to alleged misconduct that occurred during Renaud Laplanche’s tenure atop the online lender.