banks news from FierceComplianceIT

The problem with breaches is that there is so much blame that has to go around. If there are big losses, you can't just sit back and do nothing. You've got to sue! So it goes with Merrick Bank, which... Read more...

You have to give Heartland Payment Systems some credit. After the massively publicized data breach last year, it went to work repairing its systems and its image--to the tune of $12.6 million, notes... Read more...

H-1B visas have long been a compliance problem. While the program was a good source of qualified candidates for a lot of financial and technology firms, it really fell out of favor once the credit... Read more...

There's been a lot of concern about TARP banks and what they've done while on the public dole. Many of these controversies fell into a gray zone: Are customer conferences a no-no in every and all... Read more...

You know that directors are nervous when they start cutting their own pay, which is exactly what has happened on many top boards as of late, notes a commentary in the Wall Street Journal. The article... Read more...

When it comes to bank audits--at banks small and large--the bean-counters are taking an even more conservative tack than usual, which has forced more than a few to restate earnings. The Los Angeles... Read more...

Corporate travel, fairly or not, is in the spotlight these days, thanks to the negative publicity surrounding corporate events planned by TARP banks. This may or may not be fair, as most in the... Read more...

You've probably had your fill of talk about the fair value rule and the ongoing credit crisis. The SEC has generally held firm that the rule ought not be suspended, preferring to emphasize that banks... Read more...

Let's face it: When it comes to banks and financial services, people are pretty much resigned to a whole new set of regulations, which will be that much more complicated for firms that accepted TARP... Read more...

MarkMonitor says that financial services firms are more vulnerable to phishers. Phishing attacks aimed at financial services firms increased 66 percent in the second quarter of this year, over the... Read more...