CHICAGO - (01/02/06) ABN Amro Mortgage Group, Inc., will beswitching to electronic data transfer to its credit reportingcompany instead of physically shipping the data tapes, aftertemporarily losing one such tape containing vital personalinformation for more than two-million customers. The tape had beenreported lost on its way to a DHL shipping facility where it was enroute to the credit reporting company. The tape was found one monthlater at the DHL facility from which it had originally beenreported lost, and ABN Amro said it is hoping that means none ofthe sensitive data was ever actually compromised, although is stillinvestigating the situation. In the meantime, ABN Amro is exploringelectronic data transfer options instead of shipping datatapes.
-
Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
December 12 -
Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
December 12 -
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
December 12 -
The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
December 12





