Links in “Banks”
- Data Security as a Hot Topic: Will it Mean Tighter Security or Even Smarter Attacks?
Recent high-profile card and password breaches have made data security a hot topic. Will this spur banks to improve data security or make them an even more attractive target to bad players? [2/4]
- Bankers to Congress: Raise Debt Limit Now
While acknowledging that the time is long overdue for the Administration and Congress to develop long-term solutions to fiscal challenges, bankers' groups urge Congress not to default on the nation's debt obligations. [2/3]
- Senate Passes Bill to Delay Flood Insurance Rate Hikes
Bill to delay for up to four years steep increases in flood insurance rates to give FEMA time develop a plan for property owners who can't afford higher premiums is approved in the Senate. Bankers urged to encourage House to take up the issue. [2/3]
- Idaho Bank is Third Failure of 2014
Never able to recover from its real estate losses, Syringa Bank in Boise was closed by the FDIC on Friday. Sunwest Bank of Irvine, California, agreed to assume all deposits. Syringa was the third bank failure in January. Only 24 banks were closed in 2013. [2/3]
- More on the Yahoo Hack Attack: May Enforce Two-Factor Authentication
Yahoo may force users to employ second sign-in verification by sending a six-digit code to a user's cell phone. [2/3]
- Bitcoin: Potential Ally or Threat to Banking Industry
Recent news that New York plans to regulate Bitcoin and other digital currencies and that the CEO of a Bitcoin exchange was arrested on money laundering charges suggest that bankers should be keeping an eye on the viability of digital currencies and considering how (and if) they should approach them. [2/3]
- Question: OFAC Check on Vendors?
Questioner has difference of opinion with account payable department about when to run an OFAC check on vendors. Here's the response. [1/31]
- Yahoo Email Hack and the Implications for Your Customers
With an undisclosed number of Yahoo email accounts compromised, it may be a good time to reminder customers about some fundamental steps to protect themselves, including never using the same password on multiple sites or services. [1/31]
- ABA Splits on Two Flood Insurance Amendments
In a letter to the Senate regarding the Homeowner Flood Insurance Affordability Act, the ABA lends its support to the Heller-Lee amendment, which would amend the definition of "private flood insurance" to restore discretion to help develop a functional private insurance market; the ABA opposes the Merkley amendment, which would subject force-placed flood insurance to federal requirements as well as state requirements. [1/30]
- Are Student Loan Complaint Numbers Exaggerated?
CFPB advises House committee that it has received "thousands" of student loan complaints, but digging into the data reveals the number is less than 6,000, compared to nearly 40 million borrowers, which comes out to about 154 complaints for every million borrowers.
