Compliance

After National Credit Union Administration Chairman Debbie Matz revealed the agency is mulling new encryption standards, a trade association says the regulator should focus on its own steps to "better protect" member "data in its care."

After National Credit Union Administration Chairman Debbie Matz revealed the agency is mulling new encryption standards, a trade association says the regulator should focus on its own steps to "better protect" member "data in its care."

The leak of client records at Morgan Stanley illustrates the danger posed when just one employee has unauthorized or unsecured access to sensitive information, as well as the ongoing threat to financial institutions from insider theft.

Like a coach turning to an old playbook, fraudsters have resurrected an e-mail spam method to attempt to steal personal and card data from bank customers in the U.K.

WASHINGTON — Two officials at the Consumer Financial Protection Bureau have been named into key roles, the agency confirmed Tuesday.

Google fired the latest salvo in the interchange wars in late December by filing an antitrust suit against MasterCard and Visa in Texas federal court.

Xoom, a digital payments company based in San Francisco, disclosed that its systems were exploited for $30.8 million in fraudulent transfers to overseas accounts.

Chick-fil-A recently became the latest victim of a credit card breach, bringing to light the threat that all quick serve restaurants and small retailers are increasingly facing from hackers and data thieves and underscores the challenges businesses face in keeping their networks and data secure.

The CFPB's rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena.

Brazil's central bank has approved a joint venture between Banco do Brasil SA, the nation's largest bank by assets, and card payment processor Cielo SA, but the bank cannot claim accounting gains in its projected profits.