In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, Ranking Member Patrick McHenry (R-N.C.) today called for a hearing on cybersecurity and data protection in the financial services sector in response to concerns raised by industry leaders and recent data breaches.
Analyzing the Gramm-Leach-Bliley exception in California’s new privacy law—and its implications for banks.
As the Federal Trading Commission considers making changes to its existing standards for safeguarding customer information, ABA last week joined two other industry groups in a comment letter urging the commission to harmonize the changes with existing data protection rules.
The FDIC is actively looking for ways to enable banks to offer small-dollar loans, FDIC Chairman Jelena McWilliams said today at a Cato Institute event, drawing an important link between the availability of these products and financial inclusion.
As consumers become increasingly concerned about privacy and data security, building trust with customers is paramount for successful companies, according to a new global survey from Verizon and Longitude.
During an FDIC conference in Arlington, Va., today, Treasury Secretary Steven Mnuchin offered his thoughts on consumers’ ability to share their financial data with third parties and data aggregators.
Tune in for Maxine Waters on cannabis banking and housing finance reform; Mike Crapo on housing finance reform and data security; Kevin Hassett on his 3% economic growth projection for 2019; and three Federal Reserve presidents on the role bankers play in Fed governance.
Housing finance and data security will be top items on the Senate Banking Committee’s agenda in this Congress, committee Chairman Mike Crapo (R-Idaho) told attendees at ABA’s Washington Summit today.
As 1,300 gathered in Washington today to bring banking’s message to Capitol Hill during the ABA Summit, new polling figures from ABA and Morning Consult showed that Americans have highly positive views of their banks.
By Chandra Ambadipudi