PYMNTS

SEPTEMBER 26, 2017

Securities and Exchange Commission (SEC) announced it is launching two enforcement initiatives to boost efforts to address cyber threats and protect retail investors. In fact, global investor group Investment Company Institute told Reuters on Friday that disclosure rules for both companies and public sector bodies need to be stricter.

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Cyber Security Retail Security Groups 115

FICO

OCTOBER 26, 2022

The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. A first step toward AI regulation. The march toward AI regulation in the United States, now kicked off with the AI Bill of Rights, is a familiar pattern. A handbook for AI advocacy groups. FICO Admin. by Scott Zoldi.

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PYMNTS

JULY 15, 2016

That puts these products under the rubric of Regulation Z, which Fauss says was never meant to handle deposit accounts. Regulation Z governs credit products, forcing full credit underwriting when credit is extended. “These rules simply target that unbanked or underbanked group,” Fauss notes. Who Uses Prepaid Anyway?

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Cards Millennials Regulation Cyber Security 100

American Banker

MAY 23, 2016

Seven financial trade groups announced Monday that they are banding together to push legislation that would extend banklike data security standards to retailers and nonbank businesses.

Security 43

Security Retail Data Groups 43

Cisco

OCTOBER 4, 2022

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary. This blog even as summary is quite long. Common AIO Risk Management Topics.

Operations 118

Operations Software Risk Management Management 118

Payments Source

NOVEMBER 28, 2018

The comments by Brent McIntosh, Treasury's general counsel, are at odds with concerns by state regulators and consumer groups who fear that a national standard on how firms handle data breaches could weaken pre-existing rules.

National 63

National Regulation Groups Data 63

NCR

NOVEMBER 14, 2016

MAS is also proposing to bring Singapore’s payment regulations – which currently span two pieces of legislation – under a single framework covering the licensing, regulation and supervision of all payment services. ” Europe prepares for PSD2.

Payments 40

Payments Regulation Cyber Security National 40

NCR

JUNE 7, 2017

With regulations such as PSD2 likely to create both risk and opportunities for banks, being able to work in close collaboration with fintechs will be vital to success. Consequently, there is a belief this will lead to a loss of control and competitive advantage for individual banks under the group’s direction.

Fintech 80

Fintech Cyber Security Innovation Examples 80

Gonzobanker

NOVEMBER 1, 2016

Financial institutions are oftentimes the same way—they want to do the right thing exactly as their regulators “suggest.” Regulators, meanwhile, have historically not given such specific direction and with such a prescriptive approach as they’ve done with the CAT. (Not that I’ve ever done that, mind you. It was the soccer field.)

Risk Management 60

Risk Management Security Management Tools 60

American Banker

OCTOBER 24, 2016

A cybersecurity information-sharing group for the financial services industry has moved forward with a plan to create an arm dedicated to combatting threats to the largest banks.

Groups 28

Groups System Industry Cyber Security 28

American Banker

SEPTEMBER 12, 2016

Cybersecurity enforcement efforts need to be better coordinated across government agencies, financial industry groups said in a letter Friday to the National Institute of Standards and Technology.

Regulation 28

Regulation National Groups Industry 28

PYMNTS

AUGUST 12, 2016

This marks the first move by Square Capital to extend working capital outside of the Square “ecosystem” and perhaps a new move to extend its Square platform into a valuable new group of SMBs. That is good news – and a security silver lining if there ever was one – and it is a fizzle we are more than happy to report.

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Lending Apple Cards Study 100

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. rather than correlated and externalized to the entire group whose data a centralized party (e.g.,

Data 40

Data Security System US 40

Lex Sokolin

AUGUST 5, 2019

Capital One recently suffered a data breach resulting from poor security practices that exposed 100 million credit card applications and accounts. Two years back, Equifax lost 140 million identities, again from poor security practices. rather than correlated and externalized to the entire group whose data a centralized party (e.g.,

Data 40

Data Security System US 40

American Banker

DECEMBER 19, 2016

Tim Pawlenty, the head of the Financial Services Roundtable and former Minneosta governor, sent a letter Monday to President-elect Donald Trump requesting that he take steps to harmonize government cybersecurity requirements.

Groups 28

Groups Cyber Security Security Technology 28

PYMNTS

SEPTEMBER 24, 2018

In the wake of the news earlier this month that British Airways had found, and reported, a data breach within the 72 hours mandated by the General Data Protection Regulation , the question remains: How much is it going to cost, if anything? According to Bank Info Security , quoting U.K.-based 21 to Sept. Other Financial Impacts Loom.

Data 152

Data Cyber Security Regulation social media 152

Gonzobanker

DECEMBER 22, 2015

Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates. ‘Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60

FICO

JANUARY 5, 2023

Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. regulators take a major step in addressing the emerging open banking landscape. Several groups have also called for comprehensive industry regulation. Four 2023 U.S.

Policies 52

Policies Company Regulation Risk Management 52