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FDIC Hit By ‘Inadvertent’ Major Data Breach

PYMNTS

In an internal FDIC document obtained by The Washington Post , it was revealed that the data of 44,000 FDIC customers was breached by an employee who left the agency in February. The memo was distributed on March 18 by FDIC Chief Information Officer and Chief Privacy Officer Lawrence Gross Jr.

FDIC 100
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FDIC order against First Fed Bank latest example of third-party scrutiny

American Banker

The Port Angeles, Washington-based bank said it has already invested "significant resources" into enhancing its compliance management for fintech partnerships, after self-reporting a problem last year.

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MOXY Preps Launch Of New Community Bank With NYMBUS

PYMNTS

in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services. Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s Mauldin said in a statement.

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FTC to host June 9 forum on marketplace lending

CFPB Monitor

In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. “exploring the growing world of marketplace lending and its implications for consumers.”

Lending 60
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Brookings to hold Oct. 13 fintech event

CFPB Monitor

On October 13, 2016, the Brookings Institute will hold an event in Washington, D.C. ” Speakers include industry representatives and an FDIC representative. titled: “ How to make fintech work for all Americans.”

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FDIC's Gruenberg Called to Capitol Hill Over Cyber Breaches

American Banker

WASHINGTON -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

FDIC 28
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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

Industry is anxious for some clear rules of the road, including resolution on such issues as to how many attempted calls can be made weekly to a debtor and how collectors can leverage modern communications technology (e.g., Some are saying this spring but in Washington, D.C., email and texts). deadlines always seem to slide.