Loan fraud

RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis

RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
RBI Claims India Banking Is ‘Safe And Stable’ After PMC Crisis
October 02, 2019  |  Banking

The Reserve Bank of India is trying to reassure savers that all is well after a recent crisis involving Punjab and Maharashtra Co-operative Bank (PMC)....

READ MORE >
Cracking Loan Fraud’s ‘Blind Eye’ Problem
Cracking Loan Fraud’s ‘Blind Eye’ Problem
September 13, 2019  |  Consumer Finance

Pretty much every consumer knows the pain of filling out applications for automotive loans, mortgages and other types of borrowing, of having to produce pay...

READ MORE >
China’s Bank Watchdog Goes After Supply Chain Finance Fraud
China’s Bank Watchdog Goes After Supply Chain Finance Fraud
July 23, 2019  |  B2B Payments

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according...

READ MORE >
LendingClub Settles With SEC, DOJ
LendingClub Settles With SEC, DOJ
October 01, 2018  |  Cybersecurity

On Friday (Sept. 30), LendingClub officially closed the door on a two-year chapter in its corporate history that its current board and founding team would...

READ MORE >
CFPB Relaxes Supervision Of Military Lenders
CFPB Relaxes Supervision Of Military Lenders
August 13, 2018  |  CFPB

In a move that has surprised military families, the Consumer Financial Protection Bureau (CFPB) is planning to suspend routine examinations of lenders for violations of...

READ MORE >
Lending Scandal Adds To Corporate Japan’s Compliance Woes
Lending Scandal Adds To Corporate Japan’s Compliance Woes
May 17, 2018  |  B2B Payments

Regional lender in Japan, Suruga Bank, apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property...

READ MORE >
India Investigating $90M Loan Fraud At IDBI Bank
India Investigating $90M Loan Fraud At IDBI Bank
April 27, 2018  |  Cybersecurity

India might be dealing with more illegal activity at a bank. This time, it’s an alleged 6 billion rupee ($90 million) case of loan fraud...

READ MORE >