Data privacy

The rules that govern data are changing rapidly, creating confusion for the companies that use blockchain to support payments, as well as potential investment opportunities for third parties that can ensure compliance.

New European Union privacy rules could serve as a guide for U.S. banks.

A first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State.

Deadlines imposed by U.S. and EU regulators are giving banks intercontinental whiplash.

Envestnet's aggregator rolls out PFM features meant to appeal to younger clients — and links to Alexa.

It's a race to the finish line that also affects U.S. companies with European customers. In these final moments, every company must at least show good faith in attempting to follow the law and having procedures and technology in place to do so.

Many in Europe and the U.S. view GDPR as Europe's first true data breach protection measure — in part because it requires notification of any breach within 72 hours. But they also see it as a complex and costly race to the May 25 deadline.

The issues at Wells Fargo extend beyond the fines; Ally Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories.

Banks and credit unions are sharing more information with third parties these days, but they need to be cautious about it.

Financial institutions are sharing more information with third parties these days, but they must be cautious about it.

Many large internationally active U.S. banks are facing potentially hefty fines if they fail to comply with Europe's General Data Protection Regulation, which takes effect May 25 and gives consumers much more control over how their data is gathered, used and shared.

Acting CFPB Director Mick Mulvaney took heat from Democrats on whether he planned to take the agency's consumer complaint portal private while responding to Republican fears that its data collection activities pose a data security risk.

Mastercard and IBM have founded a company with a very narrow goal: to help organizations scramble their data to thwart hackers and comply with Europe's General Data Protection Regulation.

With consumer privacy issues in the spotlight, Citibank is betting its app — as an offering from a trusted data partner — will be more appealing than those from unknown brands or companies that have less liability if security breaches occur.

The concept of privacy is evolving in the digital age in ways that demand new attention from policymakers. As stewards of considerable personal information, banks should prepare to take part in this debate.

The bank says CEO had no input into $325 million loan to Trump's son-in-law; Fifth Third, First Republic take equity stake in online student loan lender.

Jamie Dimon, chairman and chief executive of JPMorgan Chase, jumped into the growing debate Wednesday over how consumer data is collected and used, responding to concerns about stolen Facebook data.

In many ways, the goal of the GDPR is to increase difficulty for a hacker, while also flipping the rights of data ownership back to the European consumer. U.S. companies that serve European consumers are obligated to follow the regulations.

PCI compliance won't be enough to meet the strict requirements of the General Data Protection Regulation, which takes hold May 25 in Europe.

We entrust tech firms with vast amounts of information about our daily lives, with an expectation that they will safeguard it. But have we become too casual in the trust we place with them in exchange for more personalized experience and convenience?