Axcess Financial is using stronger authentication, studying up on bad actors and planning to use a federal service that automates verification of Social Security numbers. ... Read full article
Banks have to do a better job of protecting personal information about their customers' children. ... Read full article
Alongside identity-document scanning and other ID verification, the two companies are offering real-time checks of lists of suspicious persons. The goal: keep money launderers out of the banking system. ... Read full article
OCC proposal would broaden the types of loans that would count toward CRA obligations; new law helps parents freeze accounts of minors. ... Read full article
The app, formerly known as BillGuard and a favorite of many fintech insiders, helped users protect their identities and monitor their credit scores. ... Read full article
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article
Fearing regulatory fines, banks have retreated from selling identity protection in recent years. Institutions will get back in the market if the Consumer Financial Protection Bureau is weakened. ... Read full article
