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Security News Update for December 27, 2024

Feds Sue JPMorgan, Wells, BofA Over Zelle Fraud Given the administration is changing next month and the new administration is not fond of rules that negatively impact business, I don’t know if this lawsuit will go anywhere, but the complaint said it took Zelle years to respond at all to Zelle fraud and in most […]

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Security News Update for November 1, 2024

Russian Court Fines Google 2 Undecillion Rubles for Blocking YouTube Accounts This is a case of YouTube blocking several Russian TV stations’ YouTube accounts. They are being fined by Russia’s anti-monopoly service from failing to restore the accounts. Google was fined, back in 2020, 100 thousand rubles a day with the fine doubling every week […]

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TD Bank Fined $28 Mil for Sending Incorrect Data to Credit Bureaus

People’s credit reports are very important. They affect the ability to get a loan and also the interest rates they pay. In some cases, they would no longer be able to get a mortgage. or get a job. The Consumer Financial Protection bureau (CFPB) says that the bank’s conduct harmed hundreds of thousands of consumers. […]

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Who Owns Your Financial Data Anyway?

Consumers have been wrestling for years now about access to their personal data.  There are many non-bank financial products such as Mint and WalletGyde that help consumers manage their money, but it has always been a fight between the banks and these companies (of which there are at least hundreds, maybe more).  As a group, […]

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