Compliance

Nearly a decade ago, the Federal Financial Institutions Examination Council told banks that passwords are not enough to guard financial data, and many companies scrambled to evaluate new and sometimes bizarre alternatives.

One big question in the debate over regulating cryptocurrencies is whether to apply existing rules to these new technologies or craft new ones. A state regulators' trade group recognizes that there may be no one right answer.

A federal monitor is investigating whether Ocwen Financial is treating borrowers fairly after a whistleblower said the company may have improperly influenced which mortgages were picked for a compliance review.

The Consumer Financial Protection Bureau has its sights set on prepaid and debit cards offered to college students as such products are filling the gaps left by credit card issuers which have largely left the space, according to a study released by the agency Dec. 15.

Heading into 2015, merchants weary from data breach fallout and worried about stricter PCI guidance will likely turn to third parties for payment security over a do-it-yourself approach.

The KYC Registry is the next flagship in financial crime compliance, delivering on our commitment to provide community-wide solutions for the industry, says SWIFT CEO Gottfried Leibbrandt.

Tangerine, Simple, American Express and Discover are some of the financial institutions that use Apple's Touch ID fingerprint-authentication technology to let consumers replace passwords or to add security.

ALEXANDRIA, Va. — At NCUA's final board meeting of 2014, Chairman Debbie Matz announced the formation of two working groups, one focused on field-of-membership issues and the other on supplemental capital.

New York State's top banking regulator Benjamin M. Lawsky released details Wednesday of his plan to require the state's financial institutions — including credit unions — to upgrade their cyber-defense systems.

In a breach incident that illustrates how long a company can do business without knowing fraudsters are potentially stealing its card data, Charge Anywhere LLC informed its merchants it has found and shut down malware that initially entered its network five years ago.