Legal issues and news

Regulation and compliance

Wells Fargo, First Republic cases offer fresh SEC warnings to industry

The firms respectively settled the regulator’s allegations about suspicious activity reports and the duty of best execution — two major areas of emphasis.

By Tobias Salinger

May 23
Podcast Should banks be more worried about World War III or Cold War II?

Russia’s invasion of Ukraine has isolated the nuclear power from much of the Western economy, worsening already fraught global supply chains and increasing uncertainty. But it can still get worse.

Sponsored by Talkdesk
Politics and policy

Senators call for Fincen to accelerate money laundering reforms

A bipartisan group of senators Tuesday urged the Treasury Department and the Financial Crimes Enforcement Network to speed up implementation of the Corporate Transparency Act. It's only the latest of several efforts by lawmakers urging regulators to move faster since Fincen missed the statutory implementation deadline in January.

By Brendan Pedersen

May 10
Report: A Better Way to Stop Fraud and Deliver Seamless Customer Interactions

Knowledge-based authentication remains a fixture in the lender identity verification toolkit. Yet KBA is notoriously cumbersome for consumers and vulnerable to common fraudster tactics.

Partner Insights from Neustar
Top 10 Financial Institution Decreases Manual Review Rate 35%

A top 10 financial institution observed a high manual review rate for new customer applications was cutting into account opening numbers and lifetime value metrics. By introducing Neustar data into existing checks, the financial institution could reduce manual review populations 35%, reduce incurred fraud 11%, and increase new customer acquisition 1%.

Sponsor Content from Neustar
Infographic Mitigate Fraud and Consumer Friction with Integrated IDV

Cybercriminals are driving fraud rates higher and pressuring financial institutions to increase rather than reduce consumer friction. Learn how forward-thinking firms address fraud threats and improve customer experience via integrated identity verification.

PARTNER INSIGHTS FROM Neustar
Authenticate Consumers Quickly and Reliably for Better Fraud Mitigation

Financial institutions risk losing millions to fraud while frustrating loyal customers when they do not know whom to trust in digital interactions. Flag possible fraud while allowing legitimate transactions through faster by understanding whether the consumer’s identity links to their device.

Partner Insights from Neustar
Digital Identity: Fighting Fraud with Next Generation Device-to-Identity Signals

Nearly all fraud via digital channels begins in the authentication process. New devices present a big question mark. Watch this webcast to discover how to leverage device-based identity linkages to identify legitimate consumers while minimizing fraud risk exposure.

Partner Insights from Neustar
White Paper Prevent Fraud With Unhackable Certainty

Not only are fraud costs increasing, but fraudsters are constantly working hard to discover new avenues of attack—and are getting better at covering their tracks. Learn how forward-thinking financial organizations are improving fraud prevention and customer experience with dynamic data elements.

PARTNER INSIGHTS FROM Neustar
Fraud

Florida credit union overhauls its fraud prevention with big assist from AI

Launch Credit Union claims it reduced fraud by 97% after adopting a real-time solution in 2020.

By Carter Pape

May 6