Month: March 2022

Anti-money laundering

USAA Fined $140 Million for Anti-Money Laundering Compliance Failures

On By Joseph McCafferty

Two banking regulators have together assessed a $140 million civil money penalty against USAA Federal Savings Bank for what they called “willful violations” of the Bank Secrecy Act. The Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency (OCC) levied enforcement actions against USAA including Read More

Pay equity ratings

Facebook, Disney, and Walmart Earn an ‘F’ on Pay Equity Practices

On By Joseph McCafferty

A new report gives some companies a failing grade for racial and gender pay equity and their efforts to disclose and act on such pay disparity. Goldman Sachs, Facebook, Disney, Oracle, and Walmart were among the companies that received an “F” for their public pay equity disclosures and practices. Of Read More