Monthly Archives: May 2017

Philadelphia Sues Wells Fargo for Discriminatory Lending Practices

The City of Philadelphia announced (HousingWire) on May 15, 2017 that it will sue one of the nation’s largest banks, Wells Fargo, for discriminatory lending practices against its minority residents which, in turn, caused harm to the City. This suit will be a major test of a recent ruling by the U.S. Supreme Court (Bank [...]

May 16th, 2017|

FinCEN & U.S. Attorney Settle with Former MoneyGram Chief Compliance Officer

In the first suit ever filed against an individual compliance officer in finance, the Financial Crimes Enforcement Network (FinCEN) and the U.S. Attorney's Office for the Southern District of New York has settled claims under the Bank Secrecy Act against Thomas E. Haider, the former Chief Compliance Officer of MoneyGram International, Inc. Mr. Haider has agreed [...]

May 8th, 2017|