Regulation

NY Bank Regulator Alerts Bank Of Breach
March 09, 2015

New York’s top banking regulator, Benjamin Lawsky, has taken the unusual step of issuing an alert after a laptop containing bank customer data was stolen from a banker’s car in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

International
Airbnb And Zipcar Join UK’s ‘Sharing Economy’
March 09, 2015

Airbnb and Zipcar are among the 21 founding members of Sharing Economy UK, a trade group intended to champion companies in the U.K.’s sharing sector, according to The Telegraph. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

News
JPMC Just Squeaks By Fed’s Stress Test
March 06, 2015

JPMorgan Chase, which has been fighting to keep from getting smaller in the face of new capital requirements, passed the first round of the Federal Reserve’s 2015 stress tests — but it finished in the bottom 5 among the 31 big banks tested, according to...

California Eyeing Bitcoin Business Licenses
March 05, 2015

California’s legislature is considering a license for Bitcoin exchanges that would require maintaining bank-style reserves against possible losses, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Mobile
UK Banks Face Authentication Security Flaw
March 05, 2015

Several large U.K. banks may be at risk because of a security hole in their two-factor authentication systems, and regulators aren’t acting to deal with the problem, a security research company has revealed. Get the Full Story Complete the form to unlock this article and...

Will CFPB’s Director Be Replaced By A Commission?
March 05, 2015

Organizations representing banks and credit unions have expressed support for a revived effort to replace the director of the Consumer Financial Protection Bureau with a five-member commission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB Goes After Mandatory Credit Card Arbitration
March 04, 2015

Mandatory arbitration can make it difficult for consumers to sue their credit card companies when those companies are at fault. The Consumer Financial Protection Bureau wants to change that. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

How To “Compete To Win” At Cross-Border Commerce
March 04, 2015

Any merchant has the ability to compete when it comes to selling cross-border. But competing to win, says Rick Barbari, Group VP at Digital River, is a whole different ball game. Winning at cross-border commerce not only requires a merchant to know and enable preferred...

International
Are Fake Goods To Blame For Alibaba’s Stock Slump?
March 04, 2015

Alibaba’s executive team has repeatedly said it’s taken strict measures to combat fraudulent sellers on its marketplaces, but there’s another force in China’s e-commerce market that’s making it harder to regulate: brushing. Get the Full Story Complete the form to unlock this article and enjoy...