Dec 19, 2024 · OCC slaps USAA over failure to fix flaws in several areas The order blasts the bank’s management, IT, compliance and suspicious activity reporting. It also limits new products or services and restricts USAA’s ability to expand its membership criteria.

Sep 18, 2024 · A fintech ensnared in the fallout of bankrupt Synapse Financial has sued its bank partner, Evolve Bank & Trust, for allegedly stealing and misappropriating customer funds. Yotta Technologies, a savings gamification app, claimed in court documents filed Sept. 13 that Evolve “utterly failed in its most basic duty to its customers” by misappropriating or misplacing tens of millions of dollars ...

Oct 17, 2024 · NYCB rebrands as Flagstar Financial The board has approved an amendment to change New York Community Bank’s name to Flagstar Financial, effective Oct. 25.

Sep 9, 2024 · Huntington wants to open 55 branches in Carolinas over 5 years The bank aims to add 350 employees and expand on a commercial-banking effort it launched in the two states last year.

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Dec 4, 2023 · Breaking down capital requirements For this primer, think of capital requirements performing a similar function for a bank that an airbag has in a car.

Nov 20, 2024 · FirstSun, HomeStreet terminate merger The deal’s collapse frees HomeStreet to pursue another suitor or ease its CRE concentration. FirstSun and HomeStreet warned last month the already-revamped proposal would need further tweaks.

Nov 1, 2024 · Capital One warns of possible CFPB enforcement action The bureau told the lender it’s considering action after customers sued Capital One, claiming it never told savings account holders they could get a higher yield if they switched to another product.

Nov 8, 2024 · Navy Federal to pay $95M in CFPB overdraft case The nation’s largest credit union charged overdraft fees on purchases made with sufficient funds from 2017 to 2021, generating about $44 million per year from “surprise” fees, the CFPB said.

Oct 3, 2024 · Bank of America users report online access issues 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.