Links in “Banks”

The push to hold officers and directors of "systemically important" financial institutions to a higher fiduciary standard than officers and directors of other types of corporations may eventually trickle down to smaller financial institutions. Who will want to serve on a board then? [9/2/14]

The attack, which was discovered only recently, had been going on since June, despite JPMorgan being considered by some to be the Fort Knox of digital security. [9/2/14]

Criminals can use an iPhone attachment to turn their iPhone into an infrared camera to take a picture of the keypad right after it is used, allowing them to see which keys were pressed and in which order, since the first keys pressed will show less heat. Here's a tip for protecting against this threat. [9/2/14]

Faced with increasing regulatory scrutiny, the number of banks willing to do business with Somali money transmitters is shrinking, creating a hardship for Somali immigrants seeking to send money back to family members. [9/2/14]

In the world of residential lending, loan officers frequently trip up when it comes to knowing when they’re dealing with a full-fledged application. Join Alberto Gamez, AffirmX’s Director of Sales and a 22-year mortgage specialist, to learn a simple trick to knowing when you have a complete loan application. [8/29/14]

Yes, you read that correctly! Learn about the primary mistakes that credit unions make in trying to protect themselves against cyber criminals. [8/29/14]

A massive phishing attack is behind the recent data breach at JPMorgan and 10 other banks. A communication that appeared to be from the bank asked customers to click on a link that triggered a barrage of malware intended to corrupt Java and Flash and to install a malware named Dyre, a banking Trojan, designed to steal banking credentials. [8/29/14]

When JPMorgan, which supposedly is investing $250 million in cyber security this year, was breached by what appears to be Russian hackers, is there anything smaller institutions can do? One thing for certain is to make sure you have a game plan in place for what to do when it happens. Such a plan can help your institution avoid being "litigated into the stone age." [8/29/14]

Consumer Reports releases report showing that many banks charge students more than ordinary consumers using regular bank accounts. [8/29/14]

The Department of Education has changed the way  FFEL lenders should determine if consumers can receive the benefits of the Servicemembers Civil Relief Act. Specifically, lenders are now allowed to use the Defense Manpower Data Center to look for borrowers who qualify for SCRA benefits, even without a request to do so from the borrower. [8/28/14]