Links in “Banks”

The White House released the first version of its cyber security framework for protecting critical infrastructure, a voluntary set of best practices guidelines. [2/14]

In 2011, the 10 largest servicers were traditional banks. Today, four of the top 10 are non-banks, and that concerns Benjamin Lawsky, New York's top regulator, who said regulators should step in when necessary. [2/14]

Several trade associations from both the financial institution and retailer sectors commit to work together to protect customer information. [2/13]

Consumers don't want to remember more passwords or carry more gadgets. Solution may be in marrying biometrics with the ubiquitous cell phone. [2/13]

U.S. Bank is looking beyond chip and PIN to voice biometrics as a possible means of enhancing credit card security in the wake of recent retailer breaches. [2/13]

Inspector General's office finds that Fannie Mae and Freddie Mac lack consistent policies on charging late fees on outstanding loan repurchase requests. [2/13]

Fifth Third Bank mistakenly reports to credit reporting agencies that potentially thousands of its customers had filed for bankruptcy. The bank has taken steps to correct the error. [2/13]

A group of banking industry groups issues statement seeking to counter retailers claims that inadequate card security was to blame for recent security breaches reported by major retailers. [2/12]

The alleged breach of 27,000 customer files provides a reminder of the importance of encryption and keeping a record of who within the bank is authorized to access what, who has actually been accessing it and when. [2/12]

In an effort to deal with a flood of debt-collection lawsuits, some local courts are issuing summons to large groups of debtors to appear all at once, where they face attorneys representing debt collectors without a judge present. In an era when debt-collection practices are under increasing scrutiny, the "rocket docket" approach is a hotly debated topic. [2/12]