Compliance

Banks are warming to behavioral biometric software as one of an array of choices to prevent digital banking fraud.

The Independent Community Bankers of America have asked a federal judge to reject a motion by the National Credit Union Administration petitioning for the dismissal of a lawsuit filed by ICBA that challenges recent revisions to the agency's member business lending regulation.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., sharply criticized President-elect Donald Trump's transition team on Thursday, saying he has reneged on his promises to "drain the swamp" and instead has put "swamp monsters" in charge.

Banks are butting heads with consumer groups and fintech firms over the need for new rules governing the use of financial data.

Mastercard will launch its “selfie pay” system in the Asia-Pacific region next year, expanding the global reach of its biometric identity-verification service for online payments to more markets as part of a gradual worldwide rollout.

Progressive Democrats sent a letter to congressional leadership on Thursday urging them not to pass a budget bill that would reform the Consumer Financial Protection Bureau and other components of the Dodd-Frank Act.

Federal Reserve Chair Janet Yellen has promised to serve out her term heading the central bank until it expires in 2018, ending speculation that she could resign earlier and give President-elect Donald Trump another important appointment to make when he assumes office in January.

Regulator could assess premiums for the first time since 2010.

Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.

The complexity for large banks trying to improve culture is they are made up of different entities with competing missions and therefore competing cultures.