Why Data Trusts Are a Win-Win for Companies and Consumers
OCC Fines Capital One: Key Takeaways
COVID-19 Brings Deadline Extensions from NY Department of Financial Services
The New York State Department of Financial Services (NYDFS) has taken several steps in response to the COVID-19 pandemic. On March 12, NYDFS released a compliance order and a series of guidance letters extending certain deadlines and requesting that organizations…
As Federal Regulations Slip, States are Filling the Gap
In the years since its 2011 inception, the Consumer Financial Protection Bureau (CFPB) has been a valuable shield between consumers and predatory financial practices. The federal regulatory body held Wells Fargo accountable when the bank was caught opening fake accounts…
What All Financial Institutions Can Learn From the Capital One Breach
Learning lessons from another financial institution's mistake, such as the Capital One Breach in 2019, is one of the best ways to help make important improvements. Paige Thompson, 33, of Seattle, Washington was arrested on July 29, 2019 for stealing…