Links in “Banks”
- Office Macros: Where Some Banking Trojans Hide
The resurgence of the Office Macro in Microsoft Office excites makers of banking trojans, such as Zbot/Zeus and Dridex. A report shows that more than 100,000 banking trojans were found in 2015. [2/18/16]
- Meanwhile in Spain: 5 Bank Directors Arrested in AML Sweep
Spanish police raided the Madrid branch of the Industrial and Commercial Bank of China, accusing it of helping several Chinese and Spanish criminal syndicates commit financial fraud. Five directors of ICBC were detained. [2/18/16]
- Quicken Finds Government Case Against it “Absurd”
Many lenders settle when it comes to government allegations about compliance shortcomings with underwriting requirements. Quicken Loans says it will not. "The case is absurd." [2/17/16]
- Minneapolis Fed: Must Be “Bolder” Than Dodd-Frank
Bolder, more transformation options, such as breaking the larger banks into smaller ones or turning large banks into public utilities, are options that need to be explored, according to the new president of the Minneapolis Fed, who says Dodd-Frank did not go far enough. [2/17/16]
- Saved by the Disclaimer
Debt collector sends out letter on an allegedly sham law firm's letterhead in an attempt to collect debt from thousands of borrowers. Judge ruled it was okay, though, because the letter included a disclaimer saying no attorney had reviewed the borrower's case. [2/17/16]
- New York Going Undercover to Root Out Discrimination
New York's "Fair Housing Enforcement Program" will use undercover "testers" posing as prospective homebuyers to root out housing discrimination. [2/16/16]
- Despite its Pledge, DOJ Continues to Prosecute Firms, Not Individuals
Department of Justice pledged in September 2015 to prosecute individuals for their role in the financial crisis, not just their firms. Despite that, the agency has reached three notable settlements since then with firms, but has not taken action against individuals. [2/16/16]
- ABA Voices Support of Customer Protection Act
ABA's letter to members of the House supports Financial Institutions Customer Protection Act, which would require banking agencies to present a material reason for a financial institution to terminate a relationship with a customer or group of customers. [2/16/16]
- Risk Watch 83: The FFIEC Cybersecurity Assessment Tool Assistant
Looking to make the FFIECâs Cybersecuirty Risk Assessment tool more manageable and effective? Mike Stottlemyer, director of operations at AffirmX, introduces to us a new tool his firm has created to help institutions better manage data and monitor their progress while using the FFIECâs tool. [2/12/16]
- Cybersecurity Moving to Banks’ Front Burner
With nearly $2 billion in losses in 2014, cybersecurity is moving from back-burner status to front. It's all hands on deck when it comes to cybersecurity for financial institutions. [2/12/16]
