consumer protection

Big Banks See Uptick In Cyberattack Attempts
Big Banks See Uptick In Cyberattack Attempts
September 30, 2018  |  Security & Fraud

Sources have reported that some large U.S. banks have seen a boost in attempted cyberattacks in recent weeks. According to The Wall Street Journal, the...

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Aussie Banks Too Slow In Breach Notifications: Regs
Aussie Banks Too Slow In Breach Notifications: Regs
September 26, 2018  |  B2B Payments

Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in...

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Why Strong Authentication Fights Fraud, But Consumers Prefer Convenience
Why Strong Authentication Fights Fraud, But Consumers Prefer Convenience
September 13, 2018  |  Fraud Prevention

Doppelgängers are real — but they’re not phantom twins in pre-modern German fairy tales: they are online, and they can be used to steal digital...

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Wells’ Plan To Compensate Auto Insurance Holders Rejected
Wells’ Plan To Compensate Auto Insurance Holders Rejected
September 12, 2018  |  Regulation

Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters, citing three sources...

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GDPR Prompts Flood Of Data Complaints
GDPR Prompts Flood Of Data Complaints
August 29, 2018  |  Regulation

The number of complaints filed with the U.K. data protection watchdog has more than doubled since the General Data Protection Regulation (GDPR) went into effect...

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CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
CFPB Ombudsman Quits, Says Bureau ‘Abandoned’ Consumers
August 28, 2018  |  CFPB

Seth Frotman, an assistant director and student loan ombudsman for the Consumer Financial Protection Bureau (CFPB), had some harsh words for acting CFPB Director Mick Mulvaney...

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CFPB Relaxes Supervision Of Military Lenders
CFPB Relaxes Supervision Of Military Lenders
August 13, 2018  |  CFPB

In a move that has surprised military families, the Consumer Financial Protection Bureau (CFPB) is planning to suspend routine examinations of lenders for violations of...

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Amazon Helping FTC Crack Amazon Seller Scam
Amazon Helping FTC Crack Amazon Seller Scam
August 08, 2018  |  Amazon

Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have charged Minnesota-based Sellers...

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Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
Legislation Would Ban Banks From Overdraft Fees On Debit, ATM Transactions
August 03, 2018  |  Banking

Sen. Cory Booker has proposed legislation that would prohibit financial institutions from charging overdraft fees on debit card transactions and ATM withdrawals. The bill would...

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