Cybersecurity

California’s privacy reforms can drive national legislation

09/24/19

Congress should consider acting quickly or companies could treat the Golden State's new data privacy restrictions as a national standard.

[more]

Could financial firms do more in response to data breaches?

09/20/19

Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.

[more]

Student loan disclosures top new CBA chair’s Hill agenda

09/18/19

Nitin Mhatre of Webster Financial explains why the Consumer Bankers Association — whose members want a bigger piece of the student lending market — backs legislation that would make the federal government tell borrowers how much they will ultimately owe, as private lenders are already required to do.

[more]

Is multiple choice the right way to go on cybersecurity standards?

09/16/19

Regulators are letting banks choose from among four security frameworks, but some observers are urging a more prescriptive approach.

[more]

Smith, Sloan head to the Hill; Bitcoin gets love

10/03/17

Former Equifax CEO and Wells Fargo chief both expected to issue mea culpas to Congress; Goldman apparently likes digital currency.

[more]

ABA, banks sue CFPB to block rule; Equifax eyes clawbacks

10/02/17

A number of banks and business groups sue to block prohibition on mandatory arbitration; credit bureau weighs how far back to look in denying compensation.

[more]

Equifax’s data flaws are more the rule than the exception

09/28/17

Yes, the credit bureau goofed badly on data security, and it proved to be worse at crisis management. But other companies have been just as sloppy with cyber defenses, and business and government leaders should have tackled these problems long before now.

[more]

IRS bill could reduce need for Equifax, other credit bureaus

09/28/17

Rep. Patrick McHenry, R-N.C., plans to reintroduce legislation requiring the IRS to fast-track income verification, which proponents say could reduce the financial industry's dependence on credit bureaus.

[more]

Clash over capital plan; JPM's $4B predicament

09/28/17

Regulators disagree whether proposed changes to capital requirements would ease burden on community banks; JPMorgan on hook if jury award not overturned.

[more]

Equifax CEO Smith ‘retires’; Senators scold SEC chief

09/27/17

The embattled Smith may lose severance benefits, depending on firm’s probe into data breach; Clayton grilled about why the agency took so long to act after Edgar hack.

[more]