Risk

The CUSO will work with AffirmX, which provides compliance and risk management offerings, on product development.

The league will work with Quatrro Processing Service to provide member credit unions with access to emerging technologies to combat fraud.

Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting.

The Federal Reserve voted Wednesday to keep the countercyclical capital buffer at its current level of zero, ending some speculation that the board could be looking at a possible increase.

Maria Teresa Tejada joined the bank Monday as chief strategic enterprise risk officer.

Leading a credit union can be exhausting. Implementing these best practices can help ease the burden.

A data-driven approach, regardless of human or machine involvement, is a state that organizations need to move to in order to maximize detection in the present and to ease the transition to a more primarily machine-driven future, writes Oliver Tearle, head of research at The ai Corporation.

Payment crooks are behaving more like organized crime syndicates, and that's putting merchants, processors and banks on the defensive, argues Yossi Geller, a vice president at Paygilant.

Quadriga Fintech Solutions Corp. is in danger of running out of cash to cover the cost of its restructuring unless the Vancouver-based crypto exchange can retrieve money from banks and payments processors, according to the firm overseeing the process.

By using the dark web as a cybersecurity tool, instead of an ungovernable threat, financial institutions can intercede and interdict compromised card data post-breach, pre-fraud, writes Ted Kirk, vice president of strategic partnerships for Advanced Fraud Solutions.

Crooks are using techniques that move quickly, making AI a good bet when searching through many layers of transaction data, according to Jie Wu, a director at GoodData.

The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.

A security breach that left 24 million mortgage documents unprotected on a server is rekindling concerns about the risks posed by fourth parties.

A MAPS Credit Union executive told the House Financial Services Committee her institution is proof credit unions and banks can safely serve the legal weed space.

The Federal Reserve’s top regulator, who assumed the chairmanship of the international board in November, said the FSB should explain the rationale behind its financial benchmarks while establishing new ones to combat emerging threats.

At least 14 suits have been filed this year alone accusing banks of operating websites that violate the Americans with Disabilities Act. Some banks prefer settlements to investments in technological overhauls, but experts say that strategy could be costlier in the long run.

The Feb. 13 hearing marks a turning point in long-running efforts in Washington to ease banks and credit unions' fears about serving the cannabis industry.

The Feb. 13 hearing marks a turning point in long-running efforts in Washington to ease bankers' fears about serving the cannabis industry.

Young consumers don't have long credit records, but they do make lots of recurring payments that can feed credit risk decisioning, according to Barrett Burns, president and CEO of VantageScore Solutions.

Proposals that would have financial firms monitor or refuse to finance certain firearms purchases are misguided, putting the onus on unelected corporations.