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Defendant files answer brief, trade groups file amicus brief in Montana lawsuit challenging healthcare provider’s use of prepaid cards to make refunds

CFPB Monitor

an appeal now pending before the Montana Supreme Court involving a challenge to the defendant’s use of prepaid cards to make refunds to the plaintiff. In addition, the Montana Bankers Association, the American Bankers Association, and the Consumer Bankers Association filed an amicus brief in support of the defendant.

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Does your bank need cyber insurance?

Independent Banker

Cyber insurance today is what property insurance was 50 years ago,” notes Gregory Montana, chief risk officer at FIS. This not only delays reimbursement for losses, but can also be a drain on internal resources, notes Montana. Regulators paying closer attention to cyber risks. Insuring against cyber risks.

Montana 152
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Freedom Bank in Montana Released from FDIC Consent Order

American Banker

has been released from a consent order that the FDIC and the Montana Division of Banking and Financial Institutions had implemented in December 2009. Freedom Bank in Columbia Falls, Mont.,

Montana 28
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Best Community Banks to Work For 2022

Independent Banker

.; Bank of Montana, Missoula, Mont.; Bank of Montana: Breaking the mold. Bank of Montana: Breaking the mold. Bank of Montana. When a community bank’s employees refer to it as “a second family,” it speaks volumes, and that’s exactly what we heard from the team at Bank of Montana in Missoula, Mont. Missoula, Mont.

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Bitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States

PYMNTS

“Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers,” the regulators wrote, according to CoinDesk.

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Mitek Systems Rejects Offer From Elliott Management, ASG Technologies

PYMNTS

CFO Davison will depart at the end of November to join a firm near his home in Bozeman, Montana. Mobius, the ASG software platform, currently helps banks store data to comply with regulations. His resignation is unrelated to DeBello stepping down. Sources said ASG has annual revenue of about $250 million.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

Figure Pay, he said, debuts in January in Missoula, Montana, and then will see a broader rollout through the quarter. He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending.

National 215