Legal issues and news

Goldman’s next CEO names a new president and replaces the CFO; insurance giant shares remain at a 25% discount to book value.

The consumer bureau alleges Future Income Payments lured vulnerable consumers into taking out high-cost loans in exchange for their future pension payments.

The time is now for Congress to enact stricter data security standards that better protect credit unions and consumers.

There are several reasons, including the fact that many prospective borrowers are finding it harder to qualify for a mortgage and obscuring the truth as a result.

A former employee in the VyStar Credit Union mail room has been charged in a case involving mail fraud and millions of dollars in stolen stamps.

U.S. EMV coverage has gaping holes—including smaller financial institutions that haven’t fully converted to EMV and millions of merchant locations still not accepting chip cards.

Court gives securities regulators a victory on initial coin offerings; bank’s stock suffers its longest losing streak.

ING Group sacrificed one of Chief Executive Officer Ralph Hamers' top deputies as the Dutch lender seeks to restore public trust in the wake of a money-laundering scandal.

Happy State Bank and others use rewards, rather than punishments, to encourage employees to stay vigilant and catch fraud and cybersecurity issues.

The "digital asset receipt," similar to ETFs and ATRs, aims to expedite investing in cybercurrencies; CFO is taking the hit for the Dutch bank's lax anti-money laundering controls.

The agency said it would not apply the data collection requirement for existing accounts that automatically renew or roll over, such as certificates of deposit or commercial credit cards.

The financial press ponders how a replay of the 2008 crisis can be avoided; losing HNA's 7.6% stake may be a blessing in disguise, but DB's funding costs remain a worry.

Businesses without the substantial resources of a Danske Bank are sitting ducks for even more esoteric scams, like transaction laundering, writes Ron Teicher, CEO of EverCompliant.

Andrei Tyurin, a Russian citizen who is alleged to have performed key cyber work in a hack of JPMorgan Chase and several other companies, was extradited to New York on Friday from the republic of Georgia.

Agency’s first supervisory report under Mulvaney finds little change; the nonbank lender surpasses Citigroup and Bank of America in home loans.

Investigators have sought more information from the bank in recent weeks about whether management pressured workers to improperly change documents in order to meet a regulatory deadline, according to a news report.

The agencies are looking into firm's forex pricing; the Fed is accused of stalling on a novel banking idea.

It is critical that banks blend data science and their industry knowledge to better identify and mitigate compliance risk, says a director at Promontory Financial Group.

John Gerspach is scheduled to leave next March after 10 years and be succeeded by Mark Mason; ING will pay nearly $900 million for failing to stop money laundering by clients.