Compliance

The federal government recently began to discourage companies from using SMS-based authentication in their two-factor authentication schemes. So do banks need to completely eliminate authentication via text message? Not entirely.

Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

The Rio Olympics has a lot of fans and athletes on high alert over concerns about contracting the Zika virus or competing in contaminated water, but the risks of financial fraud are another major concern.

A federal judge in California approved a $2.4 million settlement in a class- action lawsuit against Social Finance, a San Francisco-based online lender.

Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess — and that is what could send more customers packing.

The meeting was requested by representatives from the Credit Union Association of the Dakotas, but also included community bankers.

In the hacker drama "Mr. Robot," most technology bears the brand of the series' fictional E Corp (known to characters as "Evil Corp"), but one device bore a striking resemblance to Square Inc.'s flagship product.

The Consumer Financial Protection Bureau has met the requirements for convening small-business review panels, though most panelists said they disagreed with the agency's final rules, the Government Accountability Office said Wednesday.

A rash of scams targeting foreign students is turning the business of handling tuition payments from a relatively low-risk proposition to one fraught with challenges.