Compliance

Resolution plans put in place following the financial crisis have made big banks expert at contingency planning. Nonetheless, bankers here are keeping their fingers crossed that Britain will remain in the European Union.

Lawmakers noted reports that cyberthieves were recently able to steal money from a Bangladesh bank through the Federal Reserve Bank of New York.

The ‘Financial Services for the Underserved Act’ would permit credit unions of all charter types to seek National Credit Union Administration Board approval to add underserved areas to their fields of membership.

Jonathan Wade Dunning has been found guilty of 98 counts involving conspiracy, wire fraud, bank fraud and money laundering by an Alabama federal jury.

Most would agree the way digital identity is managed is suboptimal. But how identity should be managed, and who should manage it, are shaping up to be hotly debated questions.

With 63% of all data breaches resulting from stolen, weak or default passwords, and recent compromises targeting millions of stored passwords, Fast Identity Online Alliance members say the time is now for device manufacturers and e-commerce merchants to embrace new authorization technology.

One of the supposed perks of EMV chip-card upgrades was that the process would enable more modern payment options such as mobile wallets. In practice, however, EMV is closing as many doors as it opens.

WASHINGTON — Banks in states with legal marijuana businesses may warm up to them as customers if an amendment to a Senate appropriations bill becomes law.

WASHINGTON — At first blush, the image of Sen. Elizabeth Warren as Hillary Clinton's vice president might be enough to send financial executives fleeing to the hills.

Following a similar move from Visa last week, MasterCard is streamlining EMV certification and will adjust its fraud-cost policy for non-EMV compatible merchants.