Legal issues and news

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.

Goldman may abandon its revenue goal; in an attempt to boost revenue, Credit Suisse picks new leaders for its investment banking and capital markets unit.

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.

Faster and real-time payments are finding more and more use cases, but the razor-thin transaction windows are alluring to fraudsters who want to make a swift getaway with stolen funds.

If the Fed's new service doesn't effectively prevent existing types of fraud, we might even see fraud increase thanks to the instant payments concept, says Chargeback 911's Monica Eaton-Cardone.

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

Experian is adding DataVisor, which specializes in advanced machine learning, to its CrossCore platform to identify unusual patterns signaling new fraud activity.

The right mix of AI and machine learning can help credit unions balance customer service with security.

With so many data breaches targeting merchants, banks and credit unions should not assume they are in the clear.

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

E-commerce and multi-channel fraud prevention software provider Riskified has received $165 million in a Series E funding round led by global growth investor General Atlantic.

With so many data breaches targeting merchants, banks should not assume they are in the clear. Banks are, after all, where the money is.

The Supreme Court is ready to weigh in on the CFPB’s leadership structure, but both agencies are facing similar constitutional challenges, suggesting a broader impact of any decision.

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

The North Carolina-based credit union is doubling down on claims of trademark infringement following the biggest bank merger in decades.

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.