Compliance

When a federal appellate panel sided with the U.S. Federal Trade Commission (FTC) against the Wyndham hotel chain this week, it cemented the FTC as a power to be reckoned with for companies that have poor security.

Following its massive 2013 data breach, Target vowed to accelerate its EMV-chip card migration, but the retailer still just barely made the card networks' deadline.

Phoenixville Federal Bank & and Trust in Pennsylvania has converted to a state charter.

WASHINGTON — A Federal Deposit Insurance Corp. publication on Monday advised banks to include cyber risk in standard disaster-planning and business-continuity exercises as part of general strategic-planning discussions.

The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation.

NCUA Board Member J. Mark McWatters points to the agency’s rejection of proposals to revert to an 18-month exam cycle without any debate as further evidence of the need for public budget hearings and greater transparency from the regulator.

As the 2008 financial crisis fades into memory, it has become increasingly unlikely that any bankers or traders involved will see jail time. But while no individuals were ever charged with a crime, the feeling that the fat cats of the financial industry got away scot-free will affect the 2016 presidential race and beyond.

Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul.

Less than 48 hours after NAFCU and the Cooperative CU Association each sent NCUA letters urging the regulator to return to an 18-month examination schedule, the agency scuttled the idea.

Not all government data collection is problematic. Some is actually good, and the facts about particular government data collection programs matter.