06.05.14
New York’s Department of Financial Services (DFS) announced plans to conduct targeted cyber security audits of financial institutions regulated by the state agency following the release of a report documenting an increase in the number and intensity of cyber intrusions.
05.22.14
New York’s Department of Financial Services (DFS) is expanding its efforts to combat illegal payday lending to New York consumers by taking a series of steps to prevent payday lenders from collecting payments through the MasterCard and Visa networks.
05.08.14
How can financial institutions better serve underbanked individuals?
04.24.14
Who should be responsible for paying for the costs of data breaches?
04.10.14
In what is being hailed by the Federal Trade Commission as a victory for regulators, a federal court judge in Nevada has ruled that the FTC has the authority to bring suit against payday lenders affiliated with American Indian tribes.
03.28.14
Dealing a blow to merchants nationwide, the D.C. Circuit Court of Appeals reversed a lower court and upheld the rules promulgated by the Board of Governors of the Federal Reserve capping fees on debit interchange and establishing antiexclusivity requirements for payment card networks.
03.13.14
The New York Department of Financial Services issued an order on Wednesday that it will immediately start accepting applications and formal proposals for the establishment of virtual currency exchanges.
02.27.14
The Financial Crimes Enforcement Network’s new guidance on how to work with marijuana-related businesses is unlikely to make it easier for banks that have been wrestling with the basic question of whether they can provide services to such companies.
02.14.14
Financial institutions have been inundated with information since the release of the final Volcker Rule on December 10, 2013.
02.10.14
Although the parties reached a $7.25 billion class action settlement of the antitrust suit brought by merchants against Visa and MasterCard over swipe fees, the case is far from over.