By
Jaclyn Jaeger2021-09-21T16:39:00
MUFG Union Bank, which has entered into agreement to be acquired by U.S. Bank, received a cease-and-desist order from the OCC for “unsafe or unsound practices regarding technology and operational risk management.”
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2023-06-15T18:55:00Z By Jeff Dale
The Office of the Comptroller of the Currency announced a $15 million civil penalty against MUFG Union Bank for “deceptive practices” caused by alleged weaknesses in execution of internal controls and procedures.
2021-09-24T20:02:00Z By Aaron Nicodemus
President Joe Biden’s nominee for Comptroller of the Currency, Cornell law professor Saule Omarova, continues a Democratic pattern of choosing potential regulators who believe in stricter control of the markets.
2026-03-04T13:22:00Z By By Jen Gennai CW guest columnist
Compliance officers across the economy are being told to adopt AI - to save costs, increase and expand compliance coverage through more real-time and contextualized information, navigate the ever-changing regulatory landscape, and leverage more analytical firepower to make better decisions.
2026-03-03T20:03:00Z By Adrianne Appel
A former co-owner of two telemedicine companies who helped orchestrate $136 million in Medicare fraud was sentenced to seven years in prison for his role in the nationwide bribery and kickback scheme involving orthotic braces, doctors, and false claims.
2026-03-02T13:05:00Z By Ruth Prickett
Crédit Agricole and J.P. Morgan were among financial institutions that found themselves in the cross-hairs of the European Central Bank for faulty risk assessments and risk reporting and failing to protect consumers from fraud risks. All of those companies fined also missed compliance deadlines.
2026-02-26T21:32:00Z By Jaclyn Jaeger
The U.S. Department of Justice touted a record $6.8 billion in False Claims Act (FCA) recoveries in fiscal year 2025, much of that total stems from prior years’ cases and does not necessarily reflect the administration’s current enforcement direction.
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