Compliance

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.

Over the weekend, hackers broke in through a third-party vendor to steal names, email addresses and other personally identifiable information.

The bill, backed by the New York Credit Union Association, has cleared the Senate, but a companion bill is stuck in committee in the Assembly.

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.

Lenders need to use alternative data as an overlay to traditional underwriting methods to help creditworthy customers in hardship because of the coronavirus crisis.

Longtime executive Christine Lowthian had been serving as interim chief compliance officer at HSBC Bank USA since April.

The Federal Financial Institutions Examination Council is best suited to craft uniform policies to protect consumer data. A patchwork of state rules is cumbersome.

The IBM-BNP collaboration and other new developments show that high-profile breaches haven't deterred banks from using the cloud to store data.

The biggest takeaway from this hack should be large digital media companies reworking their admin controls

Kyle Hauptman pledged to focus on capital reform and expanding access for the underserved if confirmed to the credit union regulator's board, but one senator questioned whether the nominee was even qualified to serve.