A bank entered into a Formal Agreement to remedy anti-money laundering deficiencies identified by the Office of the Comptroller of the Currency.
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A student loan servicer settled CFPB charges for misleading borrowers about repayment options and engaging in unfair debt collection practices.
Republican members of the House Financial Services Committee asked the Federal Reserve to explain its role in lowering capital requirements for large European banks without public input, while simultaneously moving to increase capital requirements for US banks.
Senate Democrats Elizabeth Warren and Chris Van Hollen urged federal banking authorities to exercise their authority to directly regulate "Banking as a Service" and banking-related fintech companies.
A firm settled FINRA charges for allowing unregistered individuals to perform investment banking activities.