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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|

Kansas City Lender to Pay 2.8 Million in Redlining Case with HUD

First Federal Bank of Kansas City has agreed to a $2.8 million settlement with the Department of Housing and Urban Development to resolve allegations of redlining in African-American neighborhoods.  As part of the conciliation agreement, First Federal agreed to originate $2.5 million in loans in majority African-American census tracts over a three-year period.  The settlement  also [...]

March 1st, 2016|