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Thomas Vartanian, a banking lawyer and former federal regulator, has co-founded the Financial Technology & Cybersecurity Center to address a fundamental question: Is the internet the right tool for the job of modern banking?
February 16 -
The agency proposed reporting standards for any institution that originates 25 or more small-business loans a year. The measure would be especially burdensome for very small lenders and could limit credit access in underserved communities, critics say.
September 1 -
The White House is calling on the Department of Justice and federal regulators to give bank deals more scrutiny as part of a broader executive order meant to encourage competition across the U.S. economy.
July 9 -
The initiative would standardize and expand security, but marketing restrictions weigh against the business case for adoption.
June 2 -
A proposal still in the early stages to have banks report on customers’ account activity to help the government nab tax evaders is being panned by the industry as overly burdensome and a privacy threat.
May 17 -
The social network and PayPal are both urging consumers to take steps to prevent transactions from displaying the user's physical address.
May 7 -
As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs.
March 16Plaid -
As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs.
March 10Plaid -
New measures in California and Virginia give consumers more control over their information and may prevent banks from using geolocation services or analyzing personal data without obtaining consent first — except when preempted by federal law.
March 8 -
Less than half of consumers believe financial services providers adequately protect their personal information, according to an Arizent survey. Banks such as Wells Fargo and Bank of Idaho are offering mobile tools and cybersecurity education that could help rebuild trust.
March 2