Data security

USAA ordered to improve risk management, information security


The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.


Top senators seek input on how to strengthen data privacy


The top Republican and Democrat on the Senate Banking Committee are asking for stakeholders to weigh in on data collection issues as lawmakers consider legislative responses to recent breaches.


Government shutdowns add new wrinkle to credit bureau reform


As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.


GSEs, data security top Senate Banking's agenda


Fixing the housing finance system is "the last piece of unaddressed business from the financial crisis," according to a summary of to-do items released by the Banking Committee's chairman.


Is customer information safer with a blockchain database?


Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.


24 million mortgage documents exposed in data security lapse


A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers.


Consumer harm from data breaches is a black box


Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention.


Fintech funding reaches new high


Efforts to build better connections to bank customer data, trade digital currency and explore artificial intelligence for security and compliance purposes were some of the biggest draws of fundraising for U.S. startups.


Banking could be bipartisan again. No, really


From anti-money-laundering reform to pot banking, there are deals to be had on financial services legislation. The question is whether anyone wants to make them.


'Did they charge for breathing the air in their lobbies?': Comments of the week


Readers respond to Wells Fargo's latest fine, weigh Sen. Elizabeth Warren's potential bid for president, consider how banks are preparing for climate change and more.