Compliance

The most important cybersecurity questions in banking are also the most basic: Who has administrator access? What kind of programs are installed on computer systems? "If I can't answer those questions, I'm sure the criminal can," says Andre McGregor, director of security at Tanium.

Because of zero liability rules, consumers rarely share the extent of the concerns banks have over account security. But their fears might be growing.

Two federal regulators have ordered First National Bank of Omaha to pay a total of $35 million over charges that the bank engaged in deceptive marketing of credit card add-on products that some consumers allegedly never received.

The U.S. Chamber of Commerce and 28 other business groups urged the Consumer Financial Protection Bureau to withdraw its proposal on arbitration and "go back to the drawing board." Their joint letter was one of thousands submitted to the agency.

The Credit Union League of Connecticut (CULCT) and CATIC have partnered to provide professional title services to the state's credit unions and their policy-issuing attorneys.

A director at Citizens Independent Bancorp in Logan, Ohio, resigned after members of management chastised him for an email security breach.

Federal financial regulators are incorporating lessons learned from the Swift hacks in their examinations, they told a lawmaker in a joint letter last week.

Alibaba Group Holding Ltd.’s finance affiliate is considering an initial public offering in Hong Kong in the first half of next year after running into regulatory hurdles for a dual listing that would have included Shanghai, according to people familiar with the matter.

Ant Financial and Tencent Holdings Ltd. have won approval to operate digital wallets for customers in Hong Kong, a significant step in the two Chinese internet giants’ overseas expansion.

Federal financial regulators are incorporating lessons learned from the Swift hacks in their examinations, they told a lawmaker in a joint letter last week.