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News & Headlines

ABA Sues Credit Union Regulator Over Field of Membership Rule

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

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

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

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.