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14 Jul 2022, 7:01 am by Raquel Leslie, Brian Liu
Indeed, China’s bank association proposed in April that NFTs must not be used for securitization or transacted in cryptocurrencies. [read post]
18 Jun 2010, 11:31 am
The new project is also supported by Accuity, the American Bankers Association, Anti-Phishing Working Group, Citizens Bank, eBay, the Federal Trade Commission, National Consumers League, and PayPal. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
The probe is linked to Switzerland’s National Cash Scheme, which allows people to use their bank cards at any ATM operated by Swiss banks rather than being limited to those run by their issuing bank. [read post]
24 Dec 2022, 9:34 am by Bill Budington
Threat Lab’s malware analysis team focused its attention on the Android ecosystem this year, investigating a multi-stage class of malware called “tor-hydra” which masquerades as a banking app. [read post]
16 Oct 2019, 9:23 am by Gordon Ahl
All four defendants are due to appear in federal court Thursday morning now. [read post]
24 Aug 2022, 5:01 am by Jim Dempsey
In the financial services field, where regulators routinely and persistently inspect the entities under their jurisdiction, the Federal Financial Institutions Examination Council has specifically spelled out how bank examiners should assess a bank’s risk assessment, as a prelude to examining its overall cybersecurity posture. [read post]
30 Jul 2020, 7:14 am by Kristian Soltes
“The Federal Reserve should consider appropriate enforcement action and policy responses to correct any such anticompetitive incentives and regulatory violations,” says a July 24 letter to Federal Reserve Board Chairman Jerome Powell signed by Durbin, D-Ill., and U.S. [read post]
14 May 2021, 7:51 am by Kristian Soltes
(FDIC), one of the federal banking regulators in the U.S. and one of two entities that provide deposit insurance to federally regulated institutions, is taking a look at how banks are exploring digital currencies, its top official said Tuesday. [read post]
13 Oct 2023, 6:00 am by Michelle
Fed’s Waller Pushes Back on Criticism of FedNow’s Adoption RateBanking Dive – October 10, 2023 Participation in the Federal Reserve’s real-time payment settlement service, FedNow, has expanded from an initial group of 50 banks and credit unions to more than 100, Fed Gov. [read post]
18 Apr 2018, 10:59 am by Wenqing Zhao, David Stanton
At a session the next day, however, People’s Bank of China Governor Yi Gang laid out an unusually concrete reform agenda, promising to remove foreign ownership caps in banks and asset management companies and to allow majority foreign shareholding for other select financial institutions within the next few months, with vaguer reforms promised by the end of the year. [read post]
20 Sep 2021, 9:21 am by Benjamin Wittes
   Even taken on its own terms, the document is one of the very weakest federal criminal indictments I have ever seen in more than 25 years covering federal investigations and prosecutions. [read post]
2 Feb 2024, 6:00 am by Michelle
Banks are lobbying for tech firms to be regulated like banks if they offer banklike services. [read post]
10 Jun 2016, 5:00 am by Cyrus Farivar
(credit: frankieleon) A federal appeals court ruled Wednesday that law enforcement can legally scan or swipe a seized credit card—in fact, it is not a Fourth Amendment search at all, so it doesn’t require a warrant. [read post]