Regulator Hits Wells Fargo With $250M Fine
The OCC says deficiencies in a Wells Fargo loan modification program constituted “reckless unsafe or unsound practices."
Citigroup Fined $400M Over Risk System Defects
“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."
Equifax Agrees to Fixes to Prevent Another Hack
A consent order with eight states addresses the software patch management failures that led to the massive data breach in May 2017.