NORTH OGDEN, Utah–A lawmaker in Utah is seeking to work with the state’s banks and credit unions to see if more questions could be asked before large wire transfers are sent after his own wife was scammed out of more than $150,000 from the family’s credit union account in a common phone scheme that has targeted consumers across the country.
Fresh Today
SCOTTSDALE, Ariz.–There are five different debates that still dominate the financial services industry over the next decade, according to one analyst.
NEW YORK—Seventy-five percent of consumers mistakenly believe they would be assessed interest on the full balance of a balance transfer offer if they didn't pay it off completely during the transfer card's introductory period, according to a new survey.
SAN JOSE, Calif.—PayPal has now gone live as the first U.S. payments company to enter China’s formerly closed digital marketplace.
COPENHAGEN, Denmark—A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender.
FOSTER CITY, Calif.—VISA says North American merchants that operate gas stations and gas pumps are facing a rash of attacks from cybercrime groups wanting to deploy point-of-sale malware on their networks.
WAWA, Penn.—Convenience store chain Wawa announced that more than 850 of its stores have been effected by malware that exposed customers' debit and credit card information since March.
ALEXANDRIA, Va.—NCUA needs to improve in one area in particular when it comes to its joint examination process with state supervisory authorities (SSAs), according to a new report by NCUA’s Office of Inspector General.
WASHINGTON—The CFPB and the Federal Reserve have issued joint final rules to increase exemption thresholds for appraisals for higher-priced mortgage loans and Regulations Z and M in 2020.
NEW YORK–This city’s taxi medallion credit unions may now all be defunct, but the stories of personal devastation, including suicides, continue to be told.