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WASHINGTON—Two executive orders signed by President Donald Trump are setting up what some fraud and compliance experts see as a regulatory contradiction for financial institutions: tougher Know Your Customer and due diligence expectations for banks at the same time fintech and crypto firms could gain easier access to the financial system with fewer barriers, according to BankInfoSecurity.

SAN FRANCISCO—A California federal judge has granted final approval to a $110-million shareholder derivative settlement involving Wells Fargo, resolving claims that the bank’s directors and executives failed to properly oversee discriminatory mortgage lending practices and allegedly conducted “fake” job interviews with diverse candidates to satisfy internal hiring policies, Bloomberg Law reported.

WASHINGTON—Artificial intelligence is now outperforming humans in some key areas of financial crime compliance, according to American Banker, which reported comments from Revolut U.S. CEO Cetin Duransoy during Semafor’s Banking on the Future Forum in Washington.

LAS VEGAS—A federal judge in Nevada has ordered payment processor Cliq Inc. and two of its executives to pay $6.5 million in sanctions after finding they violated a 2015 Federal Trade Commission settlement that required the company to monitor and avoid processing payments for fraudulent or high-risk merchants, Law360 said.

LAS VEGAS—As consumers continue searching for higher returns on savings amid persistent inflation and elevated household costs, Create Credit Union here is aggressively competing for deposits with a checking account offering a 8.30% APY on balances up to $10,000.

HOUSTON—The $206-million MemberSource Credit Union here has disclosed a data breach affecting 22,308 Texas residents after unauthorized access to its network exposed unencrypted personal information, according to state breach filings and notices.