Compliance

Apple Pay's Touch ID is the exception, not the rule. Biometric security typically requires some type of add-on hardware, a model that has struggled to get much adoption over the years.

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

WASHINGTON — The Consumer Financial Protection Bureau issued a bulletin Tuesday warning financial institutions about entering into agreements with third parties that share or hide information related to regulatory exams.

Peer-to-peer and institution-to-small business loan marketplace Funding Circle launched a new fractional loan marketplace today, the San Francisco company announced.

They included owners and managers of a photo scanning business, an auto repair shop, an office supplies provider, a furniture retailer and a family-run electronics store.

The Federal Reserve System threw its weight behind a host of standards, goals and timelines yesterday that are likely to shape the quest to build a faster U.S. payment system.

The Federal Reserve System released a detailed vision Monday for improving the speed of the U.S. payment system.

The Federal Reserve System released a detailed vision for improving the speed of the U.S. payment system. It is latest step in a process meant to spur change at a time when the country has fallen far behind many nations that have adopted real-time payments.

Janell Thompson and Katarina Maloney say choosing the "wrong" name for their company was all it took to run afoul of banks and be labeled as co-owners of a high-risk business.

The next year will be huge for fraud and security in retail. Most concern around risk management for the year ahead is focussed on system security and fraud management, which is crucial to today's transactions.