An article on page 5 Tuesday, "N.Y. Requiring Daily Change of ATM Surveillance Tapes," included incorrect information from a spokesman for the New York State Banking Department on a regulation's timing. The emergency regulation will not take effect until Jan. 23. A 45-day comment period is to begin Jan. 19, after which a final version will be subject to approval by the banking superintendent, according to Barbara Kent, the department's director of consumer affairs and financial products.
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By training a core payment card fraud-detection platform on more than 15 billion transactions, the card network is honing the accuracy of warnings sent to issuers about suspicious purchases.
3h ago -
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators and that would give banks more power over the appeals process.
4h ago -
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6 -
The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
May 6 -
The Consumer Financial Protection Bureau's overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
May 6 -
In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
May 6