CFPB X account ‘doesn’t exist’ anymore
The Consumer Financial Protection Bureau’s X account is gone. “This account doesn’t exist,” reads social media platform X, formerly Twitter,...
Risk & Security
Under attack: The rise of AI-powered fraud in banking
Financial fraud is escalating worldwide. The global cost of fraud and cybercrime is projected to hit $10.5 trillion this year,...
CFPB could ‘water down’ open banking rule, founder says
Since Donald Trump took office on Jan. 20, the Consumer Financial Protection Bureau has seen significant transformation. (Courtesy/Bloomberg) Actions by...
2 senior CFPB officials ‘still working,’ source says
Two senior officials at the Consumer Financial Protection Bureau continue to work on auto financial markets-related matters, despite the tumult and...
CFPB to cut financial firm supervision, shift focus Off fintechs
America’s top consumer financial watchdog has spelled out its priorities under the Donald Trump era, including a dramatic cut to...
79% of organizations hit by payment fraud in 2024
Seventy-nine percent of organizations experienced attempted or actual payments fraud in 2024, underscoring the persistent threat of financial fraud. Just...
US bank regulator didn’t have safeguard on hacked email account
The U.S. Office of the Comptroller of the Currency didn’t have a basic protection enabled on an email account hackers...
85% of FIs expect ROI from vendor risk management in 2025
Third-party risk management is becoming increasingly critical for financial institutions as they navigate the evolving digital banking landscape. In fact,...
Leverage Treasury Management to Turn Fraud Prevention Into a Strategic, Revenue-Generating Opportunity
In the ever-evolving landscape of banking, fraud prevention is more crucial than ever. In fact, 40% of community bankers cite...
Citizens uses ‘authentication friction’ to combat fraud
Amid mounting fraud concerns, Citizens Bank finds that the perception of friction in digital banking is shifting. (Courtesy/Citizens Bank) Financial...
