September 30, 2016

Policing The Banks Needs to Be An Inside Job

Bank building

The New York Times has published an excellent editorial piece reviewing the landscape of bank fraud, regulation, and the systems in place — or lack of systems in place — to foster the critical insider reporting on fraud and misconduct inside our nation’s largest banks necessary to keep those banks’ behavior within the law.

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September 8, 2016

Wells Fargo Facing Huge Fines For Illegal Banking Practices

Wells Fargo Consumer Fraud

The New York Times reports that major national bank Wells Fargo has been hit with $185 million in fines relating to widespread and pervasive illegal practices dating back to at least 2011. The fine includes a $100 million penalty from the Consumer Finance Protection Bureau, the biggest single penalty that agency has ever levvied.

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