Links in “Technology”
- Congress Demands Answers
Congress isnât happy and is demanding answers from the Office of Personnel Management related to the massive date breach that affected 21.5 million current and former federal government employees. The House Oversight Committee wants to know the precise date that the OPM contacted the US-CERT and has requested all internal OPM documents related to the breach. [8/24/15]
- Bank of Internet USA: Bold Lender Primed for a Fizzle?
Bank of Internet USA issues big mortgages to high earners that other lenders might not welcome with open arms. It has grown five-fold -- to nearly $5 billion -- over the last five years. Will it be able to keep up the growth or will its amazing run fizzle? [8/24/15]
- NY Times Spotlights Credit Union in Paperless Mortgage Closing Story
A recent article in the New York Times on the increase in paperless mortgage closings focused on the settlement process at Mountain America CU in Utah, which participated in a CFPB pilot program called eClosings. The Times reported that consumers like âgoing paperlessâ and found the electronic closing process made it easier to review documents in advance. [8/21/15]
- The Terrorists Next Door: Lessons from the National Terrorist Financing Risk Assessment
The 2015 National Terrorist Financing Risk Assessment is an unprecedented report based on an analysis of more than 5,000 law enforcement cases, reporting by U.S. financial institutions, and reports from both the government and the private sector. As the terrorist financing threat continues to mutate, what exactly should your organization learn from this novel risk assessment? [8/18/15]
- eClosing Heading Toward Auto Financing, Too?
The CFPB's interest in eClosing for mortgages may spread toward auto financing also, even though the world of auto finance and mortgages are very different. [8/18/15]
- Digital Banking: It’s Not Just for Kids Anymore
A poll finds 75% of those over 60 use online banking. [8/17/15]
- Are You Ready? Let the Mad Scramble for EMV Readiness Begin
With the October 1 deadline for changes to the liability provisions for cards without EMV technology fast approaching, many credit unions are scrambling to draft procedures and to develop informational materials for their members. This article identifies best practices to ensure that your team is ready for the change and how best to communicate the changes to your members. [8/12/15]
- Despite Concerns, Internet Banking Remains Top Dog
An ABA survey finds that online banking is still the most popular banking method. Continuing its rapid rise is mobile banking, preferred by 12% of consumers, up from 3% just five years ago. [8/12/15]
- Service That Offers Secret Text and Chat Room Messages Gets Some Unwelcome Attention
What would you say if you knew your message could never be publicly exposed? A communications company that might be touting its technology as a way to "reduce compliance and enforcement concerns" through a system that prevents "government spying" is getting some attention from U.S. Senator Elizabeth Warren. [8/11/15]
- Watch Out For âMasque Attacksâ
âMasque attacksâ are the latest malware that uses vulnerabilities in the Apple mobile operating systems to steal personal information and send it to a remote server. The malware looks like popular apps like Facebook, Twitter, and Google Chrome and is installed when a user clicks on a link in an email, text message, or fake advertisement. [8/10/15]
