HONOLULU – Hawaii State FCU was left apologizing for sending out a letter to members with their account numbers printed on the outside of the envelope.
The letter displayed members’ names, addresses and account numbers in the clear address panel on the envelope.
In a follow-up letter, the $1 billion credit union apologized, saying there's "no indication this information can lead to other accounts being fraudulently opened in your name."
The theft of 153 million drivers' licenses highlights the danger of having a small number of vendors serve an entire industry.
Research finds consumers are using billers' websites to make payments, largely snubbing banks' sites.
A recently finalized joint rule from the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. raises the bar for formal supervisory criticism, putting more of the responsibility for managing downside risk on banks.
Advisors share how they navigate the moment when a client's compliments cross the line and the boundaries that keep the business relationship intact.
The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
