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Trace Fooshee, senior analyst at Aite Group and former head of fraud strategy at SunTrust, explains fraudsters’ latest tactics and the best methods of self-defense. ... Read full article

The U.S. lacks mechanisms authorized in other countries to flag nonbank risks, Eric Rosengren says. ... Read full article

The Treasury secretary said the U.S. government has significant concerns about digital currencies, including their potential as tools for money launderers. ... Read full article

The company could rein in deposit costs, cut operational expenses and buy back more shares in anticipation of a Federal Reserve rate reduction. Other banks — especially big ones — could do the same. ... Read full article

David Marcus, who oversees Facebook’s digital wallet, plans to tell Congress that the company will roll out Libra only after it has "received appropriate approvals.” ... Read full article

The bank is taking a concept that has worked for years in the credit card world — artificial-intelligence-based fraud detection — and applying it to corporate customers' transactions. ... Read full article

Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset. ... Read full article

Noninterest expenses fell 2% to $10.5 billion — almost $100 million lower than the average estimate from analysts. ... Read full article

Investors eye how low rates, flat yield curve will affect bank profits; agency is determining if it has oversight power over Facebook’s planned cryptocurrency. ... Read full article

The argument that only the federal government is up to the task is misguided. ... Read full article

Almost two years after the Equifax breach led to a congressional uproar but minimal policy change, the protracted fight to enact data security and privacy reform has a new bogeyman. ... Read full article

Citi’s chief lending officer to take over HSBC’s U.S. business; Pittsburgh banks brace for incursion of industry heavyweights; borrowing by nonbank leveraged lenders is growing (maybe too much); and more from this week’s most-read stories. ... Read full article

The federal banking regulators issued a new proposal Friday asking for further public comment on changing the definition of a “high volatility commercial real estate exposure.” ... Read full article

The Trump administration is growing wary of taking bold steps toward freeing Fannie Mae and Freddie Mac from federal control before the 2020 election, said people familiar with the matter, in part because of the political risk of potentially upending the ... Read full article

The fintech is moving ahead with a loan service after regulatory concerns stymied its deal for an ailing bank. ... Read full article

President says Facebook could face “full banking regulation”; big banks’ farm loan portfolios have shrunk more than 17% since 2015 ... Read full article

As Congress and the SEC were taking steps to regulate alternative currencies, they required a deep knowledge of the cryptocurrency market and technologies. For those who put off their crypto education, Facebook's Libra is a wake-up call. ... Read full article

Many oppose a metric-based approach, but there are ways it could actually work. ... Read full article