by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to protect its customers’ personal identifying information (PII) over a five-year...
by Ken Chase | Oct 5, 2022 | Banks, Market
OCC Ends 2020 Capital One Consent Order By: Ken Chase. The U.S. Office of the Comptroller of the Currency (OCC) announced this week that it has terminated a 2020 consent order related to a 2019 Capital One data breach. In its announcement, the OCC confirmed that it...
by Ken Chase | Sep 19, 2022 | Banks, Market
By: Ken Chase. Two of the largest U.S. banks have formally ended their Covid-19 vaccine requirements for employees in the last week, in a nod to the most recent pandemic guidelines from the U.S. Centers for Disease Control and Prevention. According to some observers,...
by Ken Chase | Sep 19, 2022 | Banks, Market
By: Ken Chase. The Office of the Comptroller of the Currency recently confirmed that the OCC will be cutting assessment rates for all banks next year in a move that is expected to “level the playing field” for the nation’s community banks. According to acting...
by Ken Chase | Sep 15, 2022 | Banks, Market
Citi and Wells Fargo Announce Cuts in Mortgage Lending Staff By: Ken Chase. In the last several weeks, Wells Fargo has confirmed that 75 workers in its Iowa branches will no longer have jobs as of late October. Now, Citi has revealed that it too will be reducing its...
by Ken Chase | Aug 31, 2022 | Banks, Market
By: Ken Chase. In June 2022, U.S. Bank increased its employee base pay rate from $15 per hour to $18. Last week, the Minneapolis-based bank announced that it will be hiking that base pay even further later this year, with an increase to a new $20 per hour minimum...
