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National banks must continue exercising caution with cryptocurrencies

American Banker

It's no accident that national banks have, so far, been insulated from major crypto disasters. Congress and the incoming administration should take heed and avoid eliminating the guardrails that have kept banks safe.

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What Is Not Considered a TRACE-Eligible Security and What Should Not Be Reported

Perficient

Transactions in TRACE-eligible securities that are listed on a national securities exchange, including the NYSE, when such transactions are executed on and reported to the exchange, and the transaction information is disseminated publicly (no sense reporting something that is already being reported). an exchange-traded fund).

Security 474
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10 Lessons from the National Public Data breach for consumers and financial institutions

Abrigo

Critical practices for individuals and organizations to protect their data The National Public Data breach serves as a reminder to all of us that proactive measures are necessary to safeguard our personal information. DOWNLOAD Takeaway 1 The National Public Data breach exposed over 2.7 Encrypt sensitive data.

National 195
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Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers. billion visits for the year.”.

Exercises 206
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Bump On The Road To National FinTech Charters?

PYMNTS

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers.

National 165
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Nacha Provides Guidance On Voice Payments, Cybersecurity

PYMNTS

Nacha was originally known as the National Automated Clearing House Association. Kimber Johnson , executive vice president of strategic alliances at GIACT , the Texas-based fraud detector, told PYMNTS that account validation is increasingly important as eCommerce continues to move online.

Payments 220
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2022 Dodd-Frank Stress Test Scenarios Released

Perficient

The annual exercise evaluates large banks’ resilience by estimating their loan losses, revenue, and capital levels — which provide a cushion against losses — under hypothetical recession scenarios that extend nine quarters into the future. Covered institutions are required to use specific scenarios to conduct the stress tests.

Capital 294