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News & Headlines

ABA Sues Credit Union Regulator Over Field of Membership Rule

12/8/2016
The American Bankers Association has filed a lawsuit against the National Credit Union Administration, arguing that the regulator's new field-of-membership rule go too far.

Cyber Thieves Targeting Non-EMV-Enabled Merchants

12/6/2016
In the wake of last week’s decision by Visa and MasterCard to delay the EMV chip card liability shift for gas pumps until 2020, a new advisory emphasizes that cyber thieves are focusing on retailers who have not upgraded their systems.

OCC to Grant Federal Charters to Fintech Firms

12/5/2016
The OCC “will move forward” with plans to provide special-purpose national bank charters to financial technology firms, Comptroller of the Currency Thomas Curry announced on Friday.

Fed: Debit Fraud Costs Jump 44 Percent in Two Years

12/1/2016
Debit card-related fraud losses to merchants, cardholders and issuers rose 44 percent from 2013, reaching $2.41 billion in 2015, according to the Federal Reserve’s biennial survey of debit card issuers’ costs released yesterday.