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The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100m for allegedly botching the disbursement of state unemployment benefits at the height of the pandemic.
Bank of America has reportedly agreed to pay $75m in the settlement of a lawsuit, which accuses the bank of extracting overdraft fees it didn’t earn from customers with savings and checking accounts.
Enso Security, which builds application security posture management, has closed its seed round on $6m.
The role of the chief risk officer is changing for good. It will not come as a surprise to many that technology will help this change, but there are other factors at play, including a merger with the chief financial officer.