Legal issues and news

Miners of the digital currency are losing interest, which could lead to more price declines; scandal-scarred banks among those that endorse Principles for Responsible Banking.

The continued trend of “spear phishing” and “catfishing” only serves to highlight the complex work required to identify genuine from fraudulent, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

PayPal is using Venmo's fast growth to power several initiatives, but the app suffered a damaging fraud surge early this year, showing it's not immune from enrollment fraud that challenges the entire P2P sector.

Cash-outs accounted for 80% of mortgage refinances in the third quarter; state will accept bitcoin for business tax payments.

Record bank profits could make it tougher to get more regulatory relief; banks monitoring older clients’ mental health.

From digital assistants and new branching strategies to revamped hiring processes and improved cybersecurity, these are the winners of the 2018 Best Practices Awards.

Black Friday and Cyber Monday up the ante for payment crime, but there are steps retailers and payment companies can take, according to OneSpan’s Will LaSala.

In a plea agreement, Kam Wong consented to forfeit and repay more than $9.8 million embezzled from the New York credit union. He is scheduled to be sentenced in April 2019.

The Massachusetts senator said the government’s findings bolster allegations that the servicer steered borrowers into expensive student loan forbearance plans.

Using machine learning to analyze payment data, the latest technology automates workflow and decisions, making fraud detection quicker and more efficient, writes Steven Goddard, product manager for risk at The ai Corporation (ai).

Société Générale pays more than $1 billion for working with Cuba and others; Fed vice chair in line for global regulator chief role.

The French bank was hit with the fine after it was found to have unsafe practices that violated sanctions against Cuba and other sanctioned countries.

The German lender was a correspondent bank for the Tallinn, Estonia, branch of Danske Bank that is the focus of multiple international investigations.

The agency's mortgage insurance fund has big potential shortfall; Howard Wilkinson can tell U.S. regulators and law enforcement agencies what he knows.

Credit unions are well positioned to serve small businesses, but they'll lose that opportunity if they're not adequately protecting those members' cash flow.

California-based America's Christian Credit Union's efforts earned it a 2018 Best Practices Award.

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.

The Justice Department is seeking information about potential transactions the banks may have handled for a small Danske branch in Estonia that’s at the center of one of the biggest money-laundering investigations in history, according to two people familiar with the matter.

Prosecutors are unlikely to buy Goldman's rogue banker defense, observers say; survey predicts recession within two years.

Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.