CFPB Monitor
MAY 6, 2021
A Maryland administrative action recently removed to the state’s federal district court illustrates how Maryland law continues to present challenges for the bank partner structure used by many lenders. The new Maryland matter demonstrates that participants in bank model programs continue to face state licensing threats.
FICO
FEBRUARY 16, 2023
For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.
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Independent Banker
MARCH 31, 2022
The CEO, CFO, chief lender, chief compliance officer, operation lead, head tellers, branch managers and HR manager of the $330 million-asset community bank participated. Elizabeth Judd is a writer in Maryland. In the end, nearly one-third of employees played an active role in even the most preliminary of talks.
Independent Banker
SEPTEMBER 30, 2021
Once, before a holiday weekend, a customer messaged the bank to say that her ATM card wasn’t working. Another reason pen tests are increasingly common is that regulations and PCI compliance require banks to furnish annual pen test results. based security and compliance automation platform. a Washington, D.C.-based
FICO
AUGUST 16, 2022
Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. And card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.”.
PYMNTS
SEPTEMBER 22, 2017
We’ve got lots of pieces now that, say dynamism, has gone down a lot since 2000,” said John Haltiwanger, a University of Maryland economist who has done much of the pioneering work in the field. Better have a very full and robust compliance department and a perfect working knowledge of AML/YC regulations. Want to accept credit cards?
PYMNTS
FEBRUARY 11, 2020
“People already trust state-issued identity [cards], so having that state issued identity … be digital, so that it can be used for transactions [that are not done in person], is a huge opportunity in the market.”. It’s important to understand that DDLs are not meant to replace the physical plastic card,” he explained.
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