Technology

The Federal Trade Commission has closed its investigation of Morgan Stanley's massive data breach. It has identified the problem that allowed the breach to happen: access controls to a narrow set of reports were improperly configured.

Rodney Hood

Hood, who chaired the National Credit Union Administration from 2019 until 2021, has been selected by Treasury Secretary Scott Bessent to serve as acting comptroller of the currency. Hood replaces acting OCC head Michael Hsu, who has led the agency since 2021.

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Stuttgart, Germany - 04-03-2022: Person holding smartphone with website of Portuguese risk management company Feedzai on screen in front of logo. Focus on center of phone display.

Portugal's Feedzai will build the fraud detection system for Europe's planned digital currency, a deal worth up to $278 million.

SoFi Technologies

The digital bank is expanding its investment offerings with a lower-risk, fee-free level of options trading.