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The reaction to major data breaches has always been to protect card data. But the non-card data that Equifax handled deserved just as much attention, if not more.
September 12 -
While many fintech companies and payment startups have good ideas, they don't yet understand the complexity of integrating into a community bank’s core banking system. That's where partnerships can help, writes Steven J. Ramirez, CEO of Beyond the Arc.
September 12
Beyond the Arc Inc. -
TransUnion Chief Financial Officer Todd Cello said Tuesday the firm kept call centers open through the weekend to deal with the flood of calls from anxious consumers.
September 12 -
Banks should not point blame at the credit bureau but rather should step up and demonstrate their commitment to their customers. If you punt the problem to Equifax, it suggests you don’t really care.
September 12
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The chief executive officer of Social Finance is stepping down before the end of the year amid sexual harassment accusations leveled at one of the most valuable financial technology startups.
September 12 -
Facial recognition and an updated Apple Watch could spur change in banks’ mobile apps for Apple customers.
September 12 -
Online lender’s co-founder says “negative press” from lawsuits has become a “distraction”; company sought lighter regulation and limited legal liability for credit bureaus.
September 12 -
Senate Finance Committee leaders sent a letter to Equifax CEO Richard Smith scrutinizing the scope of the company's data breach and its response.
September 11 -
CIBC's Victor Dodig has big plans for the U.S., but other bank execs speaking at an investor conference Monday warned of risks in certain sectors.
September 11 -
Lawmakers signaled Monday that Congress will likely have a swift and powerful response to revelations that the credit reporting company Equifax was hacked, exposing 143 million people to identity theft.
September 11 -
Citigroup’s struggles with collections on certain types of retail credit card accounts have persisted in the third quarter, but it hopes to contain chargeoffs.
September 11 -
The agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma.
September 11 -
Square became the third fintech firm in recent months to seek out a bank charter. Others are likely to follow.
September 11 -
But the Wayzata, Minn., company is not out of legal hot water, as a judge let stand some charges that it violated a provision in the Dodd-Frank Act that prohibits using deceptive practices to sell consumer products.
September 11 -
The Detroit lender developed rotational training programs in auto finance, accounting and technology to help attract and keep promising employees, especially millennials, who had a tendency to bolt.
September 11 -
The National Credit Union Administration must return all credit union monies that come from merging the insurance and stabilization funds, and halt its proposal to increase the normal operating level for the share insurance fund.
September 11
National Association of Federally-Insured Credit Unions -
Many of the arguments in this debate have less to do with the applicants’ qualifications than with traditional banks’ fear of new, innovative competitors.
September 11
Milken Institute's Center for Financial Markets -
The loss of 143 million consumers' personal data may prompt a regulatory backlash.
September 11 -
The FBI and at least two states are looking into the data breach; Harvey shut lots of banks, but mobile banking apps keep customers operating.
September 11 -
First Data is one of many payments companies working to get its customers back up and running in the wake of the severe storms, but it's also a victim — its center in Sugar Land, Texas, suffered flooding, causing the Atlanta-based company to set up operations at a hotel in Houston for 400 staff.
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