Bank of America agreed to pay $8 million to end class action claims it hit customers with multiple fees on the same checks in violation of their account agreements.

TCA - Top Class Actions

Source

Published on Jun. 13th, 2022 Published on Jun. 13th, 2022

To read more operational risk news, register for free on MSTAR Platform.

MSTAR News

Apr. 11th, 2022

MSTAR/ABA online training: Financial Risk: Structured Scenario Analysis Series.

This webinar series introduces participants to exposure-based methods in operational risk, and explores a robust and structured method of developing scenarios and assessing the associated loss estimates. The new concepts will be applied to cyber risk scenarios. The structured scenario analysis (SSA) method has been in use for more than 10 years at large institutions and has received an “Industry Initiative” award from risk.net for its application to forward-looking risk measurement. June 7, 2022 | 1 - 2 PM ET