Santander Bank said Wednesday that the OCC had terminated a 2015 consent order related to an identity protection product. It is one of several regulatory headaches the bank and its parent company have resolved lately. Source: American Banker
The company said it could use proceeds to fund organic growth or acquisitions. Source: American Banker
Ismat Aziz is the Minneapolis bank’s new chief human resources officer, the same position she held for the telecommunications company. Source: American Banker
The Ohio regional will start offering advisory services to professional athlete after it buys Franklin Street Partners. Source: American Banker
Financial institutions need to ask more direct questions about when — if ever — their existing customers like to use mobile banking and when they want human help. Source: American Banker
The LendingClub founder responded to being booted from his company by starting a new one with involvement from former investors — and a loan buyer he had supposedly wronged. Source: American Banker
Nine of the world’s biggest banks won dismissal of a lawsuit accusing them of conspiring to rig bonds issued by government entities and institutions like the World Bank, after a federal judge said the investors who sued didn’t show how the alleged collusion led to higher prices for the securities. Source: American Banker
The Supreme Court upheld using “disparate impact” over three years ago. But with HUD weighing a policy change, banks and advocacy groups are still at odds over the court decision. Source: American Banker
The country’s largest banks, and even some lawmakers, are calling on the banking agencies to roll back requirements imposed after the financial crisis. But that puts the economy at grave risk. Source: American Banker
The Office of the Comptroller of the Currency’s questions for the public to comment on the decades-old law could illuminate a path forward as regulators struggle to agree on an updated policy. Source: American Banker