Marc Hochstein became the Editor in Chief of American Banker in July 2014. He joined the publication in 1998 as a reporter covering mortgages and has steadily added responsibility over the years. At one time or another he has overseen American Banker's coverage of consumer finance, payments, and community banking; the vibrant opinion blog BankThink; the wildly popular Morning Scan newsletter; and the reinvigoration of SourceMedia's mortgage publications. Marc was responsible for some of the earliest serious coverage of Bitcoin anywhere and chaired SourceMedia's successful Blockchains + Digital Currencies conferences in 2014, 2015 and 2016.
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader responses to AmericanBanker.com articles, social media, and from around the web.
For years, there's been a lot of talk about personal information as an unalloyed asset. But by now it should be clear that the more information a company has about its customers, the bigger a target it is for hackers.
Pretty rare, it turns out: Less than a third of executives surveyed by SourceMedia Research said their institutions set formal cross-selling targets for staff. And of those with cross-sale incentive programs, nearly half are reconsidering.
When the San Bernardino shooter obtained a loan online, he reportedly used his real name, which wasn't on the government's sanctions-screening list, underscoring the limitations of identity verification technology.