Compliance

Eight leagues/associations now are part of class action response to massive hack, with two leagues – representing CUs in Nebraska, Arizona, Colorado and Wyoming – joining on Halloween.

EMVCo has established a new specification for updated 3-D Secure e-commerce fraud prevention that will be the basis by which the EMV standards body will test the new protocol for security compliance.

The move aims to ease the compliance and audit processes for credit unions by increaing access to remote services.

Calls for less reliance on credit bureaus and Social Security numbers for verification are leading many to envision a future of identity on a distributed ledger.

The Montana company agreed to buy Inter-Mountain Bancorp in an all-stock deal valued at $173 million. The company has lined up nine bank acquisitions in the last five years.

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward.

A rising tide of Chinese dealmaking in the U.S. is spurring Congress to propose tighter measures to restrict investments that are increasingly viewed as a threat to America’s national security.

Financial institutions should consider personalized campaigns and offers designed to convert customers to their debit or credit card, writes Bob Koehler, executive vice president of project management for SRM.

As Visa continues its long reintegration of Visa Europe, the card brand is tackling the continent's changing regulatory environment — and is sending its top executive overseas to address its needs.

For community bankers, the current environment is more challenging than ever, with high regulatory burden and tough competition. Four bank CEOs sat down to discuss the future of the industry, and what they are hoping may change.