Fintechs need to be more proactive about regulatory compliance
The Synapse failure and recent enforcement actions make it clear that fintechs need to up their regulatory compliance game. At the same time, they have an opportunity to help shape future rules.
CFPB sanctions Navy Federal for improper overdraft fees
The giant, Vienna, Virginia-based credit union will pay tens of millions of dollars in refunds and fees for overdraft practices its federal regulator labeled "deceptive and unfair."
Powell says he won’t step down and Trump can’t make him
The Federal Reserve's top official was emphatic that he and other leaders on the Board of Governors cannot be dismissed or demoted at will by the president.
Judge approves TD Bank plea deal, including five years of probation
The plea agreement, which includes a fine of more than $1.4 billion, penalizes TD for systemic money laundering violations. "We have the ability to profit, and we should be able to profit, but not at the expense of the law,"