STAMFORD, Conn. — In a move signaling the conclusion of a rigorous period of regulatory oversight, the Office of the Comptroller of the Currency (OCC) has officially terminated its enforcement action against Patriot Bank. The decision, announced Tuesday, brings to an end an 18-month chapter of intensive restructuring and compliance remediation for the Stamford-based institution….
BETHESDA, MD — In a resolution that serves as a stark warning to the financial sector regarding the perils of prioritizing client relationships over regulatory mandates, EagleBank has agreed to pay more than $9.7 million to resolve a long-standing investigation into violations of the Bank Secrecy Act (BSA). The settlement, announced Tuesday by the Department…
Washington D.C. – In a move that has ignited debate among consumer advocates and financial industry watchdogs, the Consumer Financial Protection Bureau (CFPB) has significantly altered its long-standing complaint resolution system. The federal agency, established in the wake of the 2008 financial crisis to protect consumers from predatory financial practices, announced sweeping changes last week…
SAN FRANCISCO – In a move that signals a significant evolution of its "one-stop-shop" financial strategy, SoFi Technologies announced on Tuesday the official launch of its small-business lending vertical. The digital-first bank, which rose to prominence as a student loan refinancer, is now pivoting to capture a larger share of the entrepreneurial market at a…
Premier Auto Protect, a player in the extended car warranty market, garners mixed reviews from industry experts, with NerdWallet assigning it a solid but not exceptional rating of 3.5 out of 5 stars. While the company boasts competitive pricing for higher-mileage vehicles and a 24/7 live operator for claims, potential customers should be aware of…
NEW YORK – In a move that signals a profound shift in the integration of traditional Tier-1 banking and the burgeoning digital asset ecosystem, the Office of the Comptroller of the Currency (OCC) has granted conditional approval for a national trust bank charter to a specialized subsidiary of Morgan Stanley. The decision, formalized in documents…
June 12, 2026 — A recently issued federal advisory concerning the banking sector has ignited a firestorm of controversy, with civil rights advocates and legal experts warning that the guidance may be a calculated move to stifle economic mobility for immigrant populations. The advisory, which outlines "heightened compliance expectations" for financial institutions dealing with specific…
By [Your Name/NerdWallet Staff Writer] For entrepreneurs, the thrill of building a business often comes hand-in-hand with the daunting task of navigating the complex world of tax compliance. Whether you’re a nascent startup or a seasoned enterprise, understanding and executing your business tax obligations is paramount to financial health and long-term success. This guide, informed…
In a move that underscores the intensifying scrutiny over the relationship between federal regulators and the financial industry, Senator Elizabeth Warren (D-MA) has launched a formal inquiry into the circumstances surrounding the Consumer Financial Protection Bureau’s (CFPB) abrupt dismissal of a major lawsuit against Capital One. At the heart of the investigation is Brian Johnson,…
WASHINGTON D.C. – In a decision with profound implications for the stability of global financial markets and the constitutional limits of executive authority, the Supreme Court of the United States ruled on Monday that President Donald Trump exceeded his authority in attempting to dismiss Federal Reserve Governor Lisa Cook. The 5-4 ruling serves as a…
