Compliance

Cloud-based payments and financial services provider Bottomline Technologies has acquired Intellinx Ltd., enabling it to offer clients anti-fraud and risk management software.

The Consumer Financial Protection Bureau said Wednesday that it was seeking comment on a so-called "safe student account scorecard" that colleges could use to see how financial institutions structure the fees, features and "sales tactics" of financial products to students before forming a partnership.

Organizations may be being misled about their security risk exposure, and are in serious danger of becoming victims of a security breach, which has become a major problem for merchants and payment companies.

A federal agency's plan to tighten membership rules for Federal Home Loan banks would hurt community banks and credit unions — and could endanger the financial system, according to a broad array of stakeholders, including state regulators, lawmakers and institutions.

EMV cards are moving payments security in the right direction. But if hackers tamper with the hardware or associated software on merchants' EMV-enabled equipment, they can silently spirit off customer data.

The Consumer Financial Protection Bureau is considering releasing a tool that would show schools exactly how much financial institutions will charge borrowers for providing certain account services on campus.

NCUA has announced that Consumer Financial Protection Bureau Director Richard Cordray will take part in a town hall webinar with NCUA Chair Debbie Matz on Tuesday, Feb. 10 at 3:00 p.m.

Regulators want banks to police MSBs for illicit activity, but they do not view all such businesses as high-risk, said David Cohen, Treasury's top AML official.

It’s taken the U.S. years to embrace, but the migration to Chip and PIN payment technology and its associated “liability shift” will finally happen in 2015.

Regulators want banks to police MSBs for illicit activity, but they do not view all such businesses as high-risk, said David Cohen, Treasury's top AML official.