Four banking institutions - two banks and two credit unions - were closed by state and federal regulators late this past week.
These latest closings bring to 24 the total number of failed institutions so far in 2010.
When it comes to protecting your organization and your customers from a data breach, what is considered "reasonable security?"
This question is at the center of several ongoing lawsuits, and how the courts answer it may be one of the biggest stories of 2010.
Shedding light on this hot topic is David Navetta,...
It's been almost a year since the Financial Crimes Enforcement Network (FinCEN) issued its red flag advisory about foreclosure scams. Now it looks like the agency sees another spike in mortgage modification scams hitting the U.S.
At first this court case was a curiosity: Experi-Metal Inc. (EMI), a Michigan-based metal supply company, sued Comerica Bank, claiming that the bank exposed its customers to phishing attacks.
But now this story shapes up as a significant test case for the banking industry, raising several key questions that must be...
Four banks were closed by state and federal regulators on Friday, Feb. 19. The largest of the failed institutions was La Jolla Bank, a Pasadena, CA.-based bank with $3.6 billion in assets.
There have now been 21 failed banks and credit unions so far in 2010.