Trump Should Retain MBL Rule, Conservatives Say

A coalition of conservative groups is urging the incoming Trump Administration to retain the NCUA’s Member Business Loan regulations and to support legislation to loosen business lending even more. “As conservative, libertarian, and free-market...

DOL Quickly Releases Another Batch of Fiduciary FAQs

The Department of Labor has issued back-to-back guidance, in the form of frequently asked questions, for advisors as well as for investors and workers regarding its fiduciary rule, which takes effect on April 10. On Friday, DOL released a 17-page FAQ that...

Retail Fraud Up Almost a Third During 2016 Holidays

The growth rate in retail fraud appears to have surpassed the growth rate in e-commerce transactions over the 2016 holiday season, according to a new survey by Naples, Fla.-based electronic payments provider ACI Worldwide. The data, which was based on hundreds of...

Do Not Fire CFPB’s Cordray, Dems Warn Trump

Senate Democratic Leader Chuck Schumer (D-N.Y.) delivered a stern message to President-elect Donald Trump today—“Do not tell Richard Cordray he’s fired.” Schumer joined Sen. Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) on a conference...

Malware Starts Pinpointing Financial Services Targets

Sunnyvale, Calif.-based security firm Proofpoint discovered a sharply focused email-based campaign attacking a major financial service provider with a small number of malicious emails sent to users in a single organization. Additionally, the emails included a...