While at your place of business, you receive an email from a trusted source with an established vendor, notifying you that the vendor’s bank account information has changed. Do you note the change in ...

Wrongful dishonor occurs when a bank doesn't honor a valid check or draft. Understand this banking term with clear ...

In 2020, we wrote about the increased regulatory attention on financial institutions’ obligations to detect and respond to human trafficking. In 2021, we wrote about how anti-human trafficking ...

A jury found Bank of America liable on Wednesday for selling defective mortgages and found a manager at the bank's Countrywide Financial unit specifically to blame for many of the practices.

A Missouri escrow firm that lost $440,000 in a 2010 cyberheist cannot hold its bank responsible, an appeals court ruled this week. The Court of Appeals for the Eighth Circuit’s decision this month ...

NEW YORK (Reuters) - Bank of America Corp was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few trials ...