Edition:
United States

Patrick Rucker

Wells Fargo executives knew auto insurance program was flawed: lawsuit

Nov 06 2018

WASHINGTON Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week.

Exclusive: Wells Fargo says auto insurance remediation will not wrap up until 2020

Oct 30 2018

(This version of the story has been refiled to correct date of story)

U.S. consumer watchdog dilutes penalty against payday lender: sources

Oct 24 2018

WASHINGTON Mick Mulvaney, the head of the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday fined a payday lender $200,000 for wrongly hounding borrowers but the penalty fell short of the $3 million his predecessor was seeking, said three sources familiar with the move.

Capital One Bank fined $100 million over money-laundering controls

Oct 23 2018

WASHINGTON A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years.

Exclusive: Citigroup may face fair lending penalty from regulator - sources

Oct 10 2018

WASHINGTON A U.S. financial regulator is mulling sanctions against Citigroup Inc for denying minority customers the kinds of mortgage discounts that the bank offered to many other borrowers, three people familiar with the probe told Reuters.

Wells Fargo has not done enough to refund cheated drivers: regulator

Oct 02 2018

WASHINGTON Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.

UPDATE 1-Fannie, Freddie regulator harassed a subordinate, Congress told

Sep 27 2018

WASHINGTON, Sept 27 Mel Watt, a top regulator for the U.S. housing market, sexually harassed a subordinate when she tried to speak with him about her career, his accuser told lawmakers on Thursday in a House hearing on oversight of the Federal Housing Finance Agency (FHFA).

Fannie, Freddie regulator harassed a subordinate, Congress told

Sep 27 2018

WASHINGTON, Sept 27 Mel Watt, a top regulator for the U.S. housing market, sexually harassed a subordinate when she tried to speak with him about her career, his accuser told lawmakers on Thursday in a House hearing on oversight of the Federal Housing Finance Agency (FHFA).

After Florence floods, the uninsured awaken to painful reality

Sep 18 2018

HOPE MILLS, N.C. Flood insurance was far from Stephanie Walker's mind in 2015 when she moved her family into a home in Fayetteville in central North Carolina, nearly 200 miles (320 km) from the coast.

Rising flood waters from Florence menace Carolinas

Sep 18 2018

WILMINGTON/FAYETTEVILLE, N.C., Sept 18 Rising flood waters threatened communities across the Carolinas on Tuesday as storm Florence menaced the U.S. Northeast with heavy rains and tornadoes after killing at least 32 people.

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