Legal issues and news

The settlement resolves a bitter, pre-crisis court fight in which Hank Greenberg squared off against three successive New York attorneys general over 11 years.

Consumers want to use e-commerce, digital payments and other new card innovations, but are still wary of fraud. Here's how to help them get over that fear.

The company, which provided few details about the possible fraud, plans to hold a conference call Friday.

Malicious software may have been installed on the restaurant’s payment card systems in October.

The American Bankers Association filed a lawsuit Thursday against the federal government over a Federal Reserve rule mandated by Congress that diverts dividend payments to Fed member banks to the highway fund.

PayPal Holdings Inc.’s anti-money laundering program received subpoenas for information from the U.S. Department of Justice, the company said Wednesday in a filing.

The latest cyberattacks on banks (and others including the Democratic National Committee) can no longer be found by traditional means, as they lurk in memory and necessary computing tools.

Two-thirds of U.S. nonprofit organizations with operations in foreign countries have been affected by banks’ de-risking practices, according to a report released Tuesday.

The information giant agreed to buy two data businesses from the DTCC as regulators' demands for transparency fuel calls for shared industrywide solutions.

The American Bankers Association has added a feature to its national crime database to help banks monitor and analyze ATM skimming.

Cambridge Blockchain, a startup that bills its technology as a solution for banks to the competing regulatory imperatives of transparency and privacy, has raised $2 million through a convertible note.

Barry Bekkedam was also fined $100,000 for a failed effort to bring in Tarp funds before NOVA failed in 2012.

Federal and state regulators on Friday announced that BB&T has agreed to a consent order over weaknesses in its Bank Secrecy Act and anti-money-laundering program.

Atlanta-based software provider Oversight Systems is working with Mastercard on a solution to help federal agencies ensure U.S. government spending on purchasing cards and other expenses are in compliance with policies.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

JPM snatches $1 trillion custodian business from long-time holder State Street; Harvard will lay off half of the employees managing its $35.7 billion endowment.

The deal had been delayed since Investors had been hit with a BSA-related regulatory order.

The National Credit Union Administration and credit union trade groups cheered a judge's decision to dismiss a lawsuit against the agency's member business lending rule, but ICBA is still mulling the possibility of an appeal.

Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.

The Consumer Financial Protection Bureau is drunk on power. Let’s return the agency’s regulatory responsibilities to the states and those agencies covering the relevant industries.