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Facebook CMO Leaving To Focus On Promoting Diversity In Tech

PYMNTS

It is a time for reckoning for our nation and industry, and it is time for me to play a more active part in accelerating change. His Facebook corporate profile states that he was born in Spain and grew up in Puerto Rico. “In leaving Facebook, I am nothing but grateful,” he wrote.

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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

American Banker

BofA has fallen short on the test three of the past five years, and the bank has opted this year to employ a manager, not a numbers cruncher, to lead the team working to satisfy the complicated and controversial post-crisis regulation. The Charlotte, N.C., firm was the…

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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

CFPB Monitor

Federal regulators as well as consumers also alleged that Equifax did not implement other basic security measures that would have protected against this data breach. Equifax did not patch the reported vulnerability for four months, which allowed hackers to steal 147 million names and dates of birth, 145.5

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Guest Post: Second Quarter Economic Commentary by Dorothy Jaworski

Jeff For Banks

60% of them voted “no” in a national referendum on July 5 th and thus rejected a deal with creditors and the likely chance to stay in the Euro. 07/06/15 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

And yet, beyond the patch quilt of states that have accepted marijuana sales, such transactions are illegal on a national level. This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. The statements come as legislation looms for debate in the U.S. Apple In The Spotlight.