Browsing: Technology

Cybersecurity

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.

Compliance and Risk

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

Community Banking

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.

Newsbytes

The Nasdaq Stock Market and investment bank Keefe, Bruyette and Woods yesterday launched a new stock index focused on publicly traded financial technology firms.

Cybersecurity

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.

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