NCUA Board Member Gigi Hyland represented the agency at the inaugural meeting of President Bush's Identity Theft Task Force. The task force, co-chaired by the attorney general and the chairman of the FTC, includes representatives from other executive branch departments and the federal financial regulatory agencies. The task force's goals include: aggressive law enforcement actions designed to prevent, investigate and prosecute ID theft; improved public outreach to better educate the public about ID theft and address how the private sector can implement measures to protect personal data; and increased safeguards that federal departments, agencies and instrumentalities can implement.
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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





