Legislation Still Needed On National Cyber Security StandardFebruary 19, 2013While the President’s executive order on cyber security last week brought public attention to the growing issue of cyber threats, legislation is still needed from Congress to help block attacks like those aimed at banks in recent months.
FINRA Fines 5 ING Units $1.2 Million For ViolationsFebruary 19, 2013Wall Street's industry-funded watchdog
fined five affiliates of ING Groep NV a total of $1.2
million for not storing or reviewing millions of company emails,
according to an announcement on Tuesday.
Monday they plan to take action against Google by this
pool user data from across all its services ranging from YouTube
Ally Financial Completes its Share of Mortgage ReliefFebruary 14, 2013U.S. auto lender Ally Financial has
satisfied a requirement to provide $200 million in home loan
modifications and other consumer relief under last year's $25
billion national mortgage settlement, the pact's monitor said
U.S. Judge Dismisses ATM Fee Collusion LawsuitsFebruary 13, 2013A federal judge has dismissed antitrust
lawsuits accusing Visa Inc, MasterCard Inc,
JPMorgan Chase & Co, Bank of America Corp and
Wells Fargo & Co of conspiring to fix automated teller
Global Watchdog Needs More Time on Derivatives RulesFebruary 13, 2013New rules on how much collateral
is needed to back derivatives trades are unlikely to be
finalised before September, leaving markets in limbo as global
regulators seek to minimise potential harm to economic recovery.
FIS Launches P2P Payments SolutionFebruary 11, 2013FIS People Pay allows banks to offer their customers the ability to send payments directly to other consumers using an e-mail address or mobile phone number.
Cracks Appear in European Banking Union SchemeFebruary 08, 2013It was billed as a
reform that would tighten policing of Europe's banks and end
their ability to suck states into crisis. Now fears are growing
that a central element of banking union will be scaled back,
undermining the whole scheme.