Regulation and compliance
Regulation
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Record fines that the world's biggest investment banks are expected to pay in the coming months reflect years of frustration among U.S. regulators that their investigations were being hampered by unmonitored messaging among bankers.
August 18 -
U.S. central bankers offered divergent signals over the size of the next interest rate hike, with St. Louis's James Bullard urging another 75-basis-point move while Kansas City's Esther George struck a more cautious tone.
August 18 -
Eagle Bancorp in Bethesda has agreed to pay $22.9 million to regulators to settle claims it failed to report loans totaling $99 million made to founder Ron Paul, who will pay more than $500,000 in fines in addition to being barred from the industry.
August 17 -
The Consumer Financial Protection Bureau's recent offensive against redlining by nonbank mortgage originators is increasingly relying on internal communications to make charges stick.
August 17 -
Matt Damon's pitch to invest in crypto has disappeared from U.S. television sets. Same goes for glitzy commercials starring LeBron James and Tom Brady.
August 17 -
Bank of America said overdraft-service fees plummeted 90% after it took steps to ease off on the charges, which have been under fire from lawmakers.
August 17 -
This week in global banking news, German regulator BaFin takes action on Allianz, trains in Toronto add contactless fare tech, Klarna expands in the U.K., and more.
August 17 -
In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.
August 17 -
The move is the latest development in the ongoing political clash over how involved banks should be in crypto markets.
August 16 -
A growing number of Wall Street banks are willing to trade Russian bonds that were once viewed as untouchable.
August 15 -
An account of the debate at the Federal Reserve's July policy meeting, set to be published after two weeks of whiplash on Wall Street, will probably offer clues as to what would push the central bank to go big with tightening yet again in September.
August 15 -
Fees on overdrawn accounts have become so important to some banks' bottom lines that the industry can't be trusted to police itself.
August 15 -
A group of Democratic senators led by Elizabeth Warren is redoubling efforts to get Wall Street's main regulator to clamp down on executives' ability to use inside information to make well-timed stock trades.
August 12 -
Ukraine is calling on President Biden's administration to sanction all Russian private banks to help end President Vladimir Putin's ability to wage war, according to Kyiv's envoy to Washington.
August 12 -
An alternative metric might have led the Federal Reserve to take earlier action against rising prices.
August 12 -
FleetCor Technologies' CEO successfully pitched small businesses on "a better way to pay" for gas, making himself a billionaire in the process. But that success was built in part on falsely advertised rebates, concealed transactions fees and a host of other unfair practices, a federal judge ruled.
August 11 -
On a combined basis, the GSEs performed better under this year's scenario than they did in 2021, but the Federal Housing Finance Agency said changes were still needed.
August 11 -
The Consumer Financial Protection Bureau said a company doesn't need to experience a data breach for the agency to consider taking action.
August 11 -
U.S. Sen. Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed's inspector general was "troubling."
August 11 -
The federal jury acquitted a third defendant, a salesman on the desk who was accused of participating in the conspiracy.
August 10






















