Attorney L.T. Lafferty says the greatest challenge financial institutions now face in mortgage lending is complying with new consumer protection regulations.
The move by Bonneville Bancorp to block signature-based debit transactions in California, Georgia and Florida shows that banking institutions have recourses to pursue in their fight against card fraud.
A working group created by the Financial Services Information Sharing and Analysis Center is honed in on developing best practices for institutions and their customers to help fight corporate account takeover.
Tommy Sanderson, manager of electronic delivery for Miss.-based Renasant Bank, says when it comes to mobile banking, "We just want to keep on talking about it."
The card skimming epidemic at pay-at-the-pump terminals in Alachua, Fla., has pushed local law enforcement to encourage consumers to pay for their gas with cash.
The California state legislature has passed a stronger data breach notification bill that could mean increased consumer privacy protection for residents -- if Gov. Arnold Schwarzenegger signs it into law.
While deposit fraud at the ATM has remained stable for the last three to four years, the ability for fraudsters to commit these crimes is significantly reduced when ATMs move to imaged or automated-deposit platforms.
"Eighteen banks out of the top 40 offered mobile banking last year. And a year later, it's still at 18." - Mark Schwanhausser, Javelin Strategy & Research
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