Funding and staffing for the inspectors general in every federal agency is under attack, despite the invaluable oversight service they perform.
The Federal Deposit Insurance Corp. did not play a substantive part in the U.S. Justice Department's controversial crackdown on third-party payment processors, the agency's watchdog office said Thursday.
A group of Republican lawmakers are petitioning regulators to more thoroughly distance themselves from a federal strategy that reportedly pressured financial institutions to terminate their relationships with third-party payment processors.
In a rare gesture last week, a federal regulator signaled to banks that they might relax when it comes to implementing certain anti-money laundering policies. There was only one problem: no one is likely to listen.
A number of large U.S. and international banks are dropping customer accounts and services tied to high-risk geographical regions and lines of business in response to regulatory pressure, including enforcement actions.
print