While nearly half of U.S. consumers believe they will experience credit or debit card fraud in the next five years — and 42 percent have personally experienced it — victims of fraud are universally satisfied with the way their bank resolved the situation, according to a recent survey.
The Federal Communications Commission issued final rules yesterday regarding non-telemarketing robocalls made to collect debts owed to or guaranteed by the United States. The final rules implement section 301 of the Bipartisan Budget Act of 2015, which exempted from the Telephone Consumer Protection Act’s prior consent requirements autodialed and prerecorded calls “made solely to collect
ABA and several other trade groups today welcomed the Consumer Financial Protection Bureau’s move to implement recent legislation providing banks an exemption from sending an annual privacy notice provided they meet certain requirements.
In a letter to the heads of the financial regulatory agencies yesterday, Sens. Sherrod Brown (D-Ohio) and Jeff Merkley (D-Ore.) called on regulators to provide more information on their efforts to oversee the rapidly growing fintech industry.
The Nasdaq Stock Market and investment bank Keefe, Bruyette and Woods yesterday launched a new stock index focused on publicly traded financial technology firms.
The federal banking agencies issued revised questions and answers today on Community Reinvestment Act compliance. In their final guidance, the agencies clarified nine of the 10 proposed Q&As.
Banks are aggressively innovating and partnering with financial technology startups, but Congress and regulatory agencies could do more to promote “innovation-forward” policies, ABA President and CEO Rob Nichols told the House Financial Services Committee today.
The OCC is focusing on credit risk and strategic risk as the top risk priorities in its supervision of community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
In response to recent high-profile compromised communications sent through the SWIFT communications network, ABA — together with the Financial Services Information Sharing and Analysis Center and other financial groups — today issued a statement with insight and analysis on the incidents, as well as recommendations for mitigating cyber risks.
Effective July 1, the FDIC will implement the Information Technology Risk Examination (InTREx) program for conducting IT and operations exams.