HSBC Argentina is issuing Vasco Digipass two-way authentication devices to the bank's retail and corporate customers, Vasco Data Security International Inc., which has headquarters in Oakbrook Terrace, Ill., and Zurich, Switzerland, said Tuesday. Consumers enter PINs generated by the device to access an online banking Web site. HSBC Argentina has more than 1.2 million customers. To date, the bank has distributed about 200,000 Digipass devices. Vasco did not say when the deployment began or how many devices the bank ultimately will issue.
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The Consumer Financial Protection Bureau cited ongoing litigation and cost benefits in extending compliance by roughly a year with reporting data on the race, ethnicity and gender of small business loan applicants.
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In 2021, banks pledged to wind down their support for oil and gas. Last year they made a $162 billion U-turn, according to a new report from a coalition of advocacy groups.
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Illinois Gov. J.B. Pritzker, a Democrat, signed a bill that delays the implementation of the interchange law for a year while banks fight it in court.
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As the Senate stands poised to pass a landmark bill establishing rules for stablecoin issuers, a provision allowing state-chartered uninsured banks to operate in states without prior approval is drawing concern from observers and opposition from state regulators.
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The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued a request for information on a range of payments-related fraud trends in order to develop policy solutions to the rising instances of check fraud.
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The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
June 16