2018-02-12
HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board.
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2018-02-12
Continuing to pull back the reins on the aggressive approach taken under former Director Richard Cordray, the agency's new five-year plan values consumer choice over heavy-handed enforcement.
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2018-02-12
In what could be seen as a mea culpa for CEO Jamie Dimon's disparagement of bitcoin five months ago, the Wall Street megabank has released a big and relatively bullish report on cryptocurrencies.
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2018-02-12
Early adopters of The Clearing House’s Real Time Payments network have built gateways and accelerated fraud detection systems.
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2018-02-12
The Trump administration’s 2019 budget highlights the administration’s goal of reining in the post-crisis regulatory apparatus, with proposed cuts for several agencies including the Consumer Financial Protection Bureau.
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2018-02-12
The company must develop and implement a system of internal controls to ensure full Bank Secrecy Act and anti-money-laundering compliance.
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2018-02-12
Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent.
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2018-02-12
Just 8% of cybersecurity heads at U.S. financial firms report to the chief executive officer directly and more should do so to improve decision-making, according to the Financial Services Information Sharing & Analysis Center.
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2018-02-12
As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.
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2018-02-12
The statutory clock on Mick Mulvaney serving as acting head of the Consumer Financial Protection Bureau is under a year, but the administration's path to getting a full-time director confirmed by the Senate has never looked rockier.
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2018-02-12
Wells Fargo’s troubles show that the bank needs to rebuild trust with consumers and the diverse neighborhoods where it operates in order to succeed.
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2018-02-12
There could be a pause in new issuance as CLO managers wait to see if the government will appeal; longer term, the pace will pick up as the playing field is leveled for smaller managers.
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2018-02-12
There is an English common law rule that a debt governed by English law cannot be discharged or compromised by a foreign insolvency proceeding.
Read More from: Orrick, Herrington & Sutcliffe LLP
2018-02-12
The California company has agreed to buy Grandpoint Capital, a business bank in Los Angeles, for $641 million.
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2018-02-12
Bank makes errors in refund program; credit bureau now says tax IDs, email addresses and driver’s license were compromised in last year’s hack.
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