DFS

StanChart Hit With $40M Fine For Transaction Rigging
StanChart Hit With $40M Fine For Transaction Rigging
January 30, 2019  |  Regulation

The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign exchange (FX) markets...

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NY Dept Financial Services: Online Lenders Need Oversight
NY Dept Financial Services: Online Lenders Need Oversight
July 12, 2018  |  Regulation

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. A bill...

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Western Union Slapped With $60M Fine Over AML Lapses
Western Union Slapped With $60M Fine Over AML Lapses
January 05, 2018  |  Security & Fraud

Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services....

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New York Regulator Fines Pakistani Bank $630M
New York Regulator Fines Pakistani Bank $630M
August 29, 2017  |  Legal

The New York State Department of Financial Services (DFS) is looking to fine Habib Bank Ltd (HBL) nearly $630 million for failing to comply with state...

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New York State Of (Cybersecurity) Mind
New York State Of (Cybersecurity) Mind
August 28, 2017  |  Regulation

New cyber-rules are taking effect in New York state, with wide-ranging impact for financial services players near and far.  Brexit gets down to business on...

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Discover Misses In Q1
Discover Misses In Q1
April 26, 2017  |  Earnings

Shares of Discover Financial Services (DFS) slid about 5 percent in after-hours trading after the release of the company’s Q1 earnings report, though they have...

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New York Upgrades Cybersecurity Regulations For Finance
New York Upgrades Cybersecurity Regulations For Finance
March 01, 2017  |  Security & Fraud

In the ever changing and increasingly connected technology age, the amount of vulnerable information regarding financial details is becoming somewhat insurmountable. One organization in the...

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NY Regulators Launch Lending Club Probe
NY Regulators Launch Lending Club Probe
May 20, 2016  |  Regulation

In the latest chapter of the Lending Club drama, on Thursday (May 19), it came to light that New York’s highest-ranking financial regulator has launched...

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