Data privacy

Data privacy regs abroad put even finest digital tools to the test

06/30/20

Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.

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Is the coronavirus giving banks an excuse to spy on employees?

05/06/20

Financial institutions have been monitoring workers' productivity at home with tracking software and webcams. Now they're mulling whether to mandate contact-tracing apps, COVID-19 testing and other practices that could raise further privacy issues.

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OCC did its part to secure customer data. Now it’s CFPB’s turn.

03/16/20

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.

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CFPB's Kraninger commits to finalizing small-business lending rule

02/27/20

CFPB Director Kathy Kraninger promised to complete the rule mandated by Dodd-Frank one day after a California court set a process for doing so.

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6 statehouse issues on bankers’ radar

02/11/20

Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.

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Security isn't banks' only hang-up about moving to cloud

01/21/20

Liability for missteps by vendors, jurisdictional headaches tied to locations of servers and legacy technology are other potential impediments.

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Europe’s new API rules lay groundwork for regulating open banking

01/21/20

Banks in the U.S. should take note of these requirements before opening their systems to third-party developers.

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More regulation's needed to protect biometrics

01/03/20

The current climate is akin to the Wild West, with little protection for the consumer, and new regulations are needed if the technology is to continue to expand in a safe and sustainable way, argues Mitek's Stephen Ritter.

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When open banking and data privacy collide

12/11/19

Banks are increasingly sharing data and must brace for new regulations protecting that data.

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Google-Citi partnership stirs privacy concerns

11/13/19

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

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