CFPB Releases Model Overdraft Disclosures

The CFPB on Friday released four overdraft disclosure prototypes designed to make it easier for consumers weighing whether to take out overdraft protection. The one-page form is designed to improve the model form already being used by credit unions and banks....

NCUA Bans Former CEO, Branch Supervisor & Teller

Convicted of embezzlement, fraud or grand theft, former credit union employees who worked as a CEO, a branch supervisor and a teller were banned from participating in the affairs of any federally insured financial institutions, the NCUA announced earlier this week. In...

Financial Institutions Battle Credential Stuffing Bots

The reality of breaches is the amount of information available on the dark web. In 2016, hackers stole some three billion credentials, some of which they use in account takeovers. The big security threat called credential stuffing is the use of automated means to test...