Cybersecurity threats are the biggest challenge facing the financial services industry, the Financial Stability Oversight Council (FSOC) declared in its annual report, calling on federal regulators to ensure that banks are taking appropriate steps to protect their businesses.
The year 2017 saw the number of data breaches grow, and the trend is expected to continue and intensify.
2017 was a year of continued innovation in the payments space as the adoption of digital payments continued to increase.
New suits accuse mattress company Casper Sleep and lender Quicken Loans of illegally tracking consumers online.
Although the first round in the battle over leadership of the Consumer Financial Protection Bureau went to President Donald Trump’s pick for the position, the fight continues, leaving the CFPB’s ongoing work very unsettled.
In a push for increased cybersecurity vigilance, the Securities and Exchange Commission indicated its plans to amend existing data security guidance, including the reporting of data breaches.
Banks continue to file suit against retailers, hoping to shift the costs of data breaches, with some recent success.
Deceptive student loan debt relief scams are the target of a new coordinated federal-state law enforcement initiative led by the Federal Trade Commission (FTC).
The fallout from the Equifax data breach continues, reaching other credit reporting companies and all the way across the Atlantic Ocean.
What will the Office of the Comptroller of the Currency (OCC) focus on in 2018?