Compliance

Ashley Madison, an online extramarital dating service that claims to protect users' privacy and security, has had its customer database compromised.

Teachers Credit Union, based here, has completed the purchase and assumption of Lakeside FCU of Hammond, Ind., NCUA announced Friday.

NCUA liquidated Lakeside Federal Credit Union late Thursday afternoon.

The regulatory landscape has become far more complex for acquirers and independent sales organizations, mainly because federal agencies are showing more interest in the various layers of the payments ecosystem.

The Consumer Financial Protection Bureau released a monthly snapshot of its complaint database, the first of what will be a series of regular reports that dig into the trove of data it collects.

The leak of documents from the surveillance software and "ethical hacking" firm Hacking Team revealed that some foreign banks were clients. Had any U.S. banks been on the list, the last two weeks would have been … interesting.

The Consumer Financial Protection Bureau's massive collection of consumer data continued to raise concerns with lawmakers on Wednesday despite assurances from the agency's director that the data is anonymized.

Treasury Deputy Secretary Sarah Bloom Raskin told a group of bankers that law enforcement and regulators need to declassify more information so banks can protect themselves.

Most banks ask executives to coordinate a vast patchwork of regulation in addition to managing their day jobs. They'd be better off putting one person in charge of regulatory communication, remediation and coordination.

Biometrics are a catalyst to streamline authentication, though the technology contains a vulnerability that Payfone thinks it can solve with the SIM cards that match consumers to a computing device such as a smartphone.