The senator cited a four-step framework the OCC's Michael Hsu floated last year, with growth restriction as a follow-up to penalties. Citi’s July penalties merely repeat Step 2, the senator said.

Some customers said they were unable to sign in to their accounts. Others reported seeing incorrect or untimely balances. The issues “have largely been resolved,” the bank said Wednesday night.

After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

The division’s deputy director Sanjay Wadhwa will become acting director, and chief counsel Sam Waldon will serve as acting deputy director.

The bank, which had been directed to improve its anti-money laundering and Bank Secrecy Act controls, is still under Fed and OCC orders related to data and internal controls.

October, 1, 2024 — Castatus is excited to announce the integration of Critical Alerts to their Castatus application enhancing ...

The U.K.’s financial watchdog called Starling’s financial sanction screening controls “shockingly lax,” and said the challenger bank’s efforts to thwart financial crime failed to keep up with its ...

The CFTC noted the bank's “substantial cooperation,” leading to a reduced penalty, in comparison to others levied on Goldman Sachs, JPMorgan and Bank of America.

The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products.

The private-equity giant is targeting $1.5 trillion in five years. Further, it wants to push its annual origination volume to $275 billion, making a serious run at market leader JPMorgan.

Vanessa Fernandes, a 25-year financial services veteran, will report to Donna Milrod, who has been overseeing digital asset solutions since Nadine Chakar, the unit’s head, left in January 2023.

YouGov’s US consumer bank rankings report 2024 finds that Chase has the most satisfied customers among major US banks. Based ...