Legal issues and news

The Lafayette, La.-based credit union was accused of firing an employee who complained about a training video with racially offensive content.

The alleged supervisory lapses occurred over a five-year period, according to the regulator.

The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore.

There are steps financial firms can take to protect their customers in the event a major wireless network is compromised, including reconsidering the use of SMS messaging for account authentication.

Utilizing AI and automation will help stop hackers and reduce repetitive jobs, allowing institutions to save money and reinvest more into products for members.

From making cybersecurity a priority to enhanced biometrics, here's what's on the industry's wish list this holiday season.

CBTX said an unauthorized person obtained personal information for about 7,800 customers.

The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.

CUNA and the credit union leagues of Illinois and Wisconsin filed a brief in support of an institution that is embroiled in litigation over whether its website meets the requirements of the Americans with Disabilities Act.

When so many users trust large companies like Google with their personal data, it's up to these companies to disclose any compromise of the data security as early as possible, writes Aman Khanna, vice president of products for ThumbSignIn.

Regulators give OK, but find “shortcomings” that need to be addressed; Labor Department says the bank is laying off U.S. workers while hiring overseas.

The Maryland-based credit union sued the nation's largest CUSO over call center services, but the two sides didn't take long to come to an agreement.

The NYSE contract will pay out in cryptocurrency; 10 Estonians who worked at the Danish bank were detained, and prosecutors promise more arrests.

The industry spent a good portion of 2018 fighting ADA and overdraft lawsuits, and experts say despite some progress, next year could hold more of the same.

Fixes and resolutions can take days or even weeks, enhancing vulnerability, according to David Williamson, CEO of EfficientIP.

Bank hit, but CEO Jes Staley escapes NYS fine for trying to unmask a whistleblower; Malaysia will pursue criminal complaints against Goldman in other countries.

Fortunately, banks and financial institutions can take action to protect their apps in untrusted, potentially hostile environments, writes Samuel Bakken, senior product marketing manager for OneSpan.

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

A former senior staffer at the Federal Deposit Insurance Corp. was found guilty of embezzling confidential information about banks from the agency before she left her post, and could face up to 20 years in prison.