The Bancorp freed from 2014 consent order tied to BSA compliance
Payments Source
MAY 18, 2020
The order's removal allows the Delaware company to pursue more opportunities in its payments business.
Community Compliance Delaware 
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Santander To Pay $25M To Resolve Auto Loan Allegations
PYMNTS
MARCH 30, 2017
million to Delaware — to resolve predatory subprime auto loan allegations. “I Earlier this year, the Office of the Comptroller of the Currency downgraded Santander’s rating in community lending. Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S.
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Trending Sources
The Bancorp freed from 2014 consent order tied to BSA compliance
American Banker
MAY 18, 2020
The order's removal allows the Delaware company to pursue more opportunities in its payments business.
Beneficial Ownership: Is the U.S. Doing Enough to Pierce the Corporate Veil?
Abrigo
FEBRUARY 2, 2020
Key Takeaways The global AML community has long seen the U.S. The global AML community has long seen the United States as behind in knowing their true customers (think Delaware incorporations). as behind in KYC. The CDD Rule has strengthened U.S. CDD expectations – both at onboarding and with ongoing monitoring. Learn More.
The Bancorp in Delaware Swings to Loss, Hit by AML Costs
American Banker
APRIL 29, 2016
swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws. The Bancorp in Wilmington, Del.,
Washington Watch
Independent Banker
SEPTEMBER 26, 2014
Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. Community Bankers Chosen as CFPB Advisors. The Consumer Financial Protection Bureau named nine community bankers to serve new terms on the bureau’s Community Bank Advisory Council. Starting fresh.
Finance in motion— $1B moved for $0.02
Lex Sokolin
JULY 1, 2019
Ethereum has the best developer community still, and there are things you can actually do with digital assets on this chain. Marrying Stripe, Delaware Corporations, smart-contracts based DAOs, open finance, and global decentralized banking should give you a flavor of why now is the best time to be in finance. More on that later.
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