LANSING, Mich. - (08/09/04) -- About 2,000 Michigan StateUniversity FCU members had their Visa check card accountspotentially compromised when a local restaurant stored the cardnumbers, in violation of Visa policy. The restaurant, which has notbeen disclosed, faces a fine of up to $500,000 by Visa, as a resultof the breach of policy. The credit union has begun replacing thecards even though officials do not know of any misuse of cardnumbers. Customers at other area financial institutions have alsobeen affected.
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The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
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The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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