USAA Federal Savings Bank

FinTech Futures: Top five stories of the week – 25 March 2022

Here’s our pick of five of the top news stories from the world of finance and tech this week.

USAA hit with $140m fine from FinCEN for Bank Secrecy Act violations

USAA admitted to failing to accurately report in a timely manner thousands of suspicious transactions to FinCEN.

USAA Federal Savings Bank nabs new risk head from Citigroup

Neeraj Singh replaces retiring Torben Ostergaard.

Gavel

OCC issues $85m penalty to USAA Federal Savings Bank

Military-supporting lender found to have failed risk management.