Fraud

March 18, 2016

CFPB Recovers $14.3 Million for Consumers

The Consumer Financial Protection Bureau (CFPB) released its latest supervision report where the exams of banks and non-banks resulted in the remediation of $14.3 million to approximately 228,000 […]
March 15, 2016

What Banks Can Learn From the IRS Data Breach

The IRS recently acknowledged that the number of taxpayers whose information has been stolen by hackers through its systems is 724,000 – more than double the […]
March 10, 2016

Consumer Bankruptcy Filings Down; Commercial Filings Up

Total U.S. bankruptcy filings decreased just 1% in February from the same period last year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled […]
March 7, 2016

Some Advisers Aren’t Reporting Cyber Breaches

Many advisory firms are playing with fire by failing to report to regulators cybersecurity breaches, both big and small, experts say.  “What we see firms are […]
March 1, 2016

Banks’ Biggest Cyber Threat Might Be ‘Human Element’

In the battle against cybercrime, investing in people is just as important as investing in technology.  Cybercriminals are increasingly targeting individual bank employees to get access inside the […]
February 5, 2016

Credit Inquiries: What You Need to Know

One of the biggest frustrations borrowers experience when applying for a new loan comes in the form of a credit inquiry, or credit check, some of […]
December 21, 2015

Underwriting and Cyber Risk On the Rise

Credit risk, interest rate risk and cybersecurity concerns pose growing risks, according to a semiannual risk report issued the Office of the Comptroller of the Currency.  […]
December 17, 2015

EMV: The Chip Matters

There have been numerous articles recently written on whether cards with newer EMV chip technology should be paired with a signature or PIN.  The articles always […]
December 16, 2015

Threats to Financial Stability on the Rise

Risks on Wall Street and in the finance sector are rising, researchers for the federal government warned yesterday.  Among the problem areas are increasingly risky corporate […]