Legal issues and news

An inspector general’s findings suggest that the Texas bank could face more consequences over how it handled fraud cases last year tied to the Direct Express program.

There is always the chance that privileged employees will either become bad actors who use their access to confidential data for their own gain, or that they will succumb to a hacking attempt and thereby open the door to an external bad actor, says Unisys' Maria Allen.

The movement has suffered several black eyes during the last 18 months. We should be worried about long-term damage to our reputation.

If firms don't enroll consumers quickly for card accounts, it suggests other elements of the institution may also be suspect, says Kofax's Dermot McCauley.

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

The mobile payment revolution has made mobile banking apps even more lucrative and attractive to crooks.

A panel of federal appeals court judges reversed a district court’s decision on NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.

The Granite State’s highest court upheld a lower court’s ruling in a suit claiming the banking trade groups had defamed the patent firm.

Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department.

Visa is offering four new security tools to assist merchants, acquirers and card issuers by disrupting fraud in real time.

Digital incentive marketing, gift cards and loyalty points creates more information to attract crooks, says PerimiterX's Omri Lluz.

Machine learning can build a layered defense, and analysts don't have to spend as much time combing through data to spot threats, says Exabeam's Anu Yamunan.

Treliant and Federal Financial Analytics have established a one-stop shop to guide financial institutions through uncertain business and policy times.

Agencies like Fincen and Finra that use machine learning must pay close attention to potential bias in supervisory algorithms, especially with data on women and minorities.

Employees saw the bank’s cybersecurity unit's shortcomings; the state seeking records related to hidden profits from the family's opioid business.

Credit unions have until midnight tonight to submit nominations for this free recognition program.

U.S. firms have been reliant on data aggregators like credit bureaus and other data companies to provide identity verification services, says Entersekt's Jennifer Singh.

The Federal Housing Administration updated its lender certification proposal originally issued this past May, as it looks to ease industry concerns on False Claims Act enforcement.

The broker and the companies he operated allegedly induced veterans to hand over their federal benefits in violation of the law.