Compliance

Banks have spent a lot of money in order to comply with stress-test requirements. But they will only realize the value on their investments if they integrate stress-test tools and results into their daily decision-making process.

WASHINGTON — A group of representatives from across the credit union spectrum has banded together as Credit Union Voices and will be hosting a booth at CUNA's GAC here next week allowing guests to comment on and submit letters regarding NCUA's revised risk-based capital proposal.

Two activist groups are urging the Fed and OCC to investigate whether OneWest used donations and other sweeteners to buy community support for its sale to CIT.

Merchants are far from helpless bystanders as Apple and banks sort out who is responsible for stopping fraudulent cards from being enrolled in the Apple Pay mobile wallet.

Observers fear state regulator Benjamin Lawsky's proposal to model anti-laundering reviews after Sarbanes-Oxley requirements could thin ranks of compliance specialists and slow monitoring.

Apple Pay, which pre-rollout was praised for its security features, was in the center of a storm this week when some called the security of Apple's mobile wallet into question, claiming that 6% of transactions are fraudulent.

Mobile malware has become easier for criminals to deploy, circumventing all antivirus and firewall solutions, as these viruses are delivered in the form of trusted applications we all install and can lead to m-commerce vulnerabilities.

Community and regional banks should be subjected to simpler rules than very large banks, the chairman and CEO of the Buffalo, N.Y., company said. In fact, size is the wrong determinant for risk-based regulation, he said.

A stolen company laptop has left customers of Pioneer Savings Bank vulnerable, according to a consumer alert from the New York State Department of Financial Services.

The age of the interactive card may have finally arrived, ushered in by the U.S. shift to the EMV standard.