Data management

Despite tougher privacy regulations, further safeguards are needed that require consumers' clear consent before personal information is exchanged.

The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.

The agencies are still at odds over how to reform the scoring system in Community Reinvestment Act exams, but experts say the central bank’s recent draft proposal suggests a deal could be struck.

The agency finally detailed how it may implement congressional requirements to collect information on credit to small businesses. Lenders below certain asset thresholds and that make few business loans could be off the hook.

The Federal Financial Institutions Examination Council is best suited to craft uniform policies to protect consumer data. A patchwork of state rules is cumbersome.

As PPP enters forgiveness phase, some banks see outsourcing as best move; after the Fed’s stress tests, Wells Fargo to cut dividend while other big banks boost capital buffer; Supreme Court strikes down CFPB leadership structure; and more from this week’s most-read stories.

Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.