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Company links rise in income to growth in St. Louis

Inflation’s links to globalization examined in new Dallas Fed Publication

New report links high credit card debt to medical expenses

CFPB Outlines Steps to Make Checking Accounts Less Risky for Consumers

February 3 – Warning of “flaws and limitations in a murky system,” the Consumer Financial Protection Bureau has contacted the 25 largest retail banks to encourage them to offer lower-risk deposit accounts that help consumers avoid overdrafting. The move is in an effort to improve checking account access amidst bureau concerns that account options are lacking and that inaccurate information is used to screen potential customers. (more…)

ABA: Banks Thwarted 85 Percent of Fraud Attempts in 2014

February 1 – The nation’s banks stopped more than $8 out of every $10 of attempted deposit account fraud in 2014, according to the 2015 American Bankers Association Deposit Account Fraud Survey Report. While attempted fraud against bank deposit accounts reached $13 billion, banks’ prevention measures stopped $11 billion in fraudulent transactions. Fraud against bank deposit accounts cost the industry $1.9 billion in losses an increase from $1.7 billion in 2012. (more…)

CyberArk Webinar: Privileged Accounts Are the Common Thread in the World’s Most Damaging Cyber Attacks

January 27 – CyberArk, the company that protects organizations from cyber attacks that have made their way inside the network perimeter, has announced details of its upcoming global webinar, “What You Should Know About the Common Thread in the World’s Best Known Cyber Attacks…Privileged Accounts,” featuring guest speakers from IDC.

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First National Bank Announces Significant Technology Enhancements to the Retail Delivery Experience

January 25 – First National Bank, the largest subsidiary of F.N.B. Corporation has announced a new innovative approach to its retail delivery strategy. The first phase of the new approach will include a series of technology-based initiatives designed to integrate FNB’s physical and e-delivery channels for a more seamless banking experience.

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Bank Regulatory Agencies and CDFI Fund to Sponsor National Interagency Community Reinvestment Conference

January 6 – The federal bank regulatory agencies, the Federal Reserve Bank of San Francisco, and the Community Development Financial Institutions Fund will host the 2016 National Interagency Community Reinvestment Conference in Los Angeles from February 8 to 10.

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Studies on Network Security Risks: Most Organizations Should Be Looking Inside, at Their Own Users

January 6 – “The average time between an attacker breaching a network and its owner noticing the intrusion is 205 days,” according to a recent article from CFO.com. The study, “Cybersecurity: The Cost of Immaturity,” goes on to say, “the penalties for getting cybersecurity wrong are steep. Nortel, a Canadian telecoms giant, went bust in part because hackers stole so much of its intellectual property. Target, an American retailer, lost the credit-card details of 40 million customers.”

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Mortgage Rates Tick Higher Amid Fed Decision to Raise Interest Rates

December 17 – Freddie Mac released the results of its Primary Mortgage Market Survey, showing fixed mortgage rates ticking slightly higher for the second week in a row amid the Federal Reserve’s decision to raise short-term interest rates for the first time since 2006. (more…)

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