article thumbnail

Brown calls for regulators to look into alleged Wells Fargo labor violations

American Banker

Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, said that alleged union abuses should impact how regulators view corporate governance and risk management.

article thumbnail

Regulation and Compliance: Ready for Review

Independent Banker

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

Wells Fargo also announced plans to sell 52 branches in Indiana, Ohio, Michigan and parts of Wisconsin to Flagstar Bancorp. However, we have to do manage our other risks, such as compliance and operational risk.” The bank reported 5,977 retail branches in the year-ago quarter.

article thumbnail

Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. The Home Savings And Loan Company of Kenton, Ohio. By Ed Avis. Methodology. It is available to consumers in all 50 states. PeopleFirst Bank. Beaver Dam.

article thumbnail

Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

For Public Companies, Cybersecurity Compliance with New SEC Rules will be a Top Priority. The proposed rules appreciably increase corporate accountability on cyber risk, starting from the boardroom and cascading down throughout the organization. This effort will provide a set of voluntary standards for businesses and others to adopt.