Links in “Banks”
- 8 Online Security Fundamentals Your Customers Should Know
From knowing what makes a strong password to recognizing a phishing scam, if your customers employ these 8 ways to fight online fraud, they'll be well ahead of the game. [10/14/15]
- Cybercriminals Who Walk Through the Front Door
Rather than using complicated hacks, a cybercrime gang dubbed FIN5 uses valid user credentials to simply log into target networks. [10/14/15]
- The Ins and Outs of PINs
As long as personal identification numbers (PINs) exist, they will continue to be a target for criminals. The Payment Card Industry (PCI) Security Standards Council continues to update the PIN Security Requirements to enhance usability and understanding by stating the requirements in a more granular manner. And though security has been enhanced with the recent switch to the new EMV chip, PIN safety standards are still as important as ever. Which of the recent PIN security requirements are most relevant to your institution? [10/13/15]
- TRID: Burden on Lender, But Benefits in the Long Run
After the painful transition period, the TILA-RESPA Integrated Disclosure rule will make settlements run smoother, with less confusion and error. [10/13/15]
- Sharks Circling in Hunt for Discharged Debts Showing Up on Credit Reports
Attorneys are monitoring the credit reports of debtors who have gone through bankruptcy, but whose discharged debts are still showing up on credit reports. Then they bring class action suits for violations of the Fair Credit Reporting Act. Waiting for the consumer to request that you clean up their credit report may not be the best strategy these days. [10/13/15]
- TRID Time Pressure + Email = Greater Risks
New TILA-RESPA time pressures on the exchange of documents, plus the convenience of emails is a formula for risky transmission of personally identifiable information. Now may be a good time to review secure email practices. [10/9/15]
- TRID Vote Surprise: One-Third of House Democrats Counter CFPB
The CFPB can usually count on solid support from one side of the aisle, but when it came time for the House to vote on implementing a formal grace period for the CFPB's TILA-RESPA Integrated Disclosures rule, nearly one-third of House Democrats voted in favor of it. Here's why. [10/9/15]
- Top 6 Socially Responsible Banks
ABA honors six banks for the "creativity and replicability"of their social responsibility in such areas as financial education, underbanked, and volunteerism. Here's what they did. [10/9/15]
- Longer Exam Cycle for More Banks? Maybe
The House passed legislation to raise the threshold from $500 million to $1 billion in assets for banks to qualify for the 18-month exam cycle, as opposed to the current 12-month exam cycle. The measure now moves to the Senate. [10/9/15]
- CFPB to Lenders: Use MSAs as a RESPA End-Around at Your Peril
The bureau warns lenders against the tactic of using marketing service agreements for advertising as a disguise for kickbacks designed to get around RESPA. See also this. [10/9/15]
