Legal issues and news

No outrage over more Wells disclosures; Steve Calk accused of conspiring with Manafort against his own bank; FBI warns banks about threat to ATMs; and more from this week's most-read stories.

As the state phases in tougher requirements from its 2017 regulation, federal agencies continue to show an interest in updating their cyber policies.

CO-OP Financial Services is currently pilot testing the new data-driven tool with credit unions in its shared branching network.

Cybersecurity remains a chief concern for small credit unions as a panel of experts warns small CUs may not just be a target, they could be one step in a larger attack.

More than 100 staffers at the Allentown, Pa.-based credit union took to the picket lines in a dispute with management over compensation and benefits, forcing the credit union to temporarily close at least two branches.

Rep. Emanuel Cleaver, D-Mo., says he is concerned that banks are freezing accounts of customers if they aren't providing citizenship information.

IBM claims that by monitoring customer behavior first and foremost, banks can make suspicious activity reporting far more accurate.

The Securities and Exchange Commission sanctioned Citigroup because of unauthorized proprietary trading as well as for the failure to detect suspect loans issued by its Banamex unit.

The board chair for CoastHills Credit Union says a wrongful termination suit by ousted CEO Jeff York is full of "false allegations," and that the credit union acted in the "best interests" of members.

The investors initially won the right to sue as a group in 2015 before an appeals court reversed the ruling; the $13 billion lawsuit can now proceed as a class action.

Paul Manafort turned to Jared Kushner for help in an attempt to secure a Trump administration job for a Chicago banker at the center of Manafort’s fraud trial.

After being fired earlier this year, former CEO Jeff York says in legal action he was let go without cause, prior to end of contract term.

Concern over Exobot is spreading beyond banking and across other sectors where customers regularly transact online, from e-commerce and retail to health care, writes Don Duncan, security engineer for NuData Security.

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.

Steve Calk, the head of The Federal Savings Bank, was a "co-conspirator" in an effort to defraud the Chicago bank, a prosecutor said at the trial of former Trump campaign chair Paul Manafort. Could Calk be charged with a crime?

The agency's settlement with Robert Moseley Sr. and Robert Moseley Jr. was enforced by the U.S. District Court for the Western District of Missouri.

Stephen Calk, the CEO of The Federal Savings Bank, expedited approval of a mortgage to the onetime Trump campaign chair in hopes of winning a job as Treasury secretary or housing secretary, a former bank employee testified Friday.

The bureau is expected to choose an option that could trigger court challenges after a judge yet again refused to halt the rule’s compliance date.

The funds have brought in record amounts thanks to lowered fees and more salespeople; ex-Goldman managing director says in suit he was blamed for trades.

Credit unions urged to review expense and reimbursement policies, and board oversight of top executives.