TAMPA, Fla. -- Suncoast Schools FCU said Tuesday it has signed with RSA Security to implement the company's multifactor Adaptive Authentication solution. The $5 billion credit union said it is deploying RSA's site-to-user authentication and risk-based authentication modules. The risk-based engine analyzes and scores every transaction based on the level of risk. When the system detects a high-risk transaction, it automatically elevates the level of authentication via secret questions or an out-of-band phone call. The nation's seventh-largest credit union will roll out the system to members in stages over the next 26 weeks. About a third of the credit union's 403,000 members are online users.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.
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The largest U.S. bank by assets named two co-presidents as part of its latest executive management changes. Marianne Lake, who was widely viewed as a contender to succeed CEO Jamie Dimon, will retire from the company.
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The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.
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The company, formerly known as LendingClub, moved from NYSE to Nasdaq as it officially launched its new name as a full-fledged digital bank.
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Critics of the OCC's broad preemption stance say the OCC is resurrecting an approach Congress curtailed after the financial crisis, setting up another Supreme Court test over the balance between federal banking powers and state consumer protections.
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There's broad support for the effort to reduce costs and processes, but the Appraisal Institute warns about reducing property valuation quality control checks.
June 24










