Compliance

Many moons after the U.S. payment industry adopted a largely chip-and-signature approach to EMV instead of chip-and-PIN security that’s standard elsewhere, rising merchant chargebacks are leading some to question the wisdom of PIN-free payments.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

Bangladesh's central bank has suggested the Federal Reserve Bank of New York had a "major lapse" in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg.

Eduardo Saverin, a cofounder of Facebook, is set to buy the assets of Jumio in bankruptcy proceedings of the startup focused on online identity verification.

The National Credit Union Administration (NCUA) issued a reminder to credit union service organizations (CUSOs) that they must register with the agency by March 31.

As commerce gets increasingly global, the differences in payment security from country to country become more apparent.

Federal financial regulators have instructed credit unions and banks to extend procedures for collecting customer identification information to certain holders of prepaid cards.

As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.

Technology at many banks has been assembled haphazardly over years. That makes for complex systems with lots of connections. Those points are prime targets for cybercriminals to find a way in.

Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations.