Carter Pape

The group was still the most active such gang last year, but its activity appears to have been severely hampered by law enforcement.

A survey by American Banker indicates that check fraud is the top fraud concern for banks, especially smaller ones. This is driving spending to prevent it.

Banks and credit unions also extended financial relief to Californians affected by the fires, which have killed 28 people and burned thousands of homes.

The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks — both on compliance and security — banks face.

The ruling lets state Attorney General Letitia James continue arguing Citi should have reimbursed customers for wire fraud, though some claims were dismissed.

A power outage and hardware failure at fintech FIS last week delayed deposits and payments at 27 banks, including Capital One.

A security researcher found a database exposing names, addresses, and bills apparently belonging to Willow Pay, a fintech for short-term financing on bills.

The order calls on federal agencies to support more forms of digital identity documents and could lead more states to adopt digital driver's licenses.

Banks must comply with a European Union law known as DORA by Friday. The law aims to improve cybersecurity and reduce tech failures in financial services.

A new AI regulation framework limits U.S. chip and software exports. Bank vendors are among the tech giants that say it's poorly timed and threatens innovation.