The National Retail Federation welcomed a new study released today that shows retailers have passed along the majority of the savings from debit card swipe fee reform to their customers, and that the resulting increase in consumer spending has boosted job creation across the country. But the study also shows that benefits for consumers and… Keep reading →
banking
Study Says Retailers Have Shared Debit Swipe Fee Savings But Consumers Could Save More if Fed Set Cap Lower
By businesswireJPMorgan Chase reaches settlements with SEC, FCA, OCC and Federal Reserve on CIO trading matter
By businesswireJPMorgan Chase & Co. today announced that it has entered into settlements with the Securities and Exchange Commission, the U.K. Financial Conduct Authority, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency regarding the firm’s Chief Investment Office trading incident and its aftermath. Total penalties in… Keep reading →
While cyber-criminals operate in a world without borders, the law enforcement community does not, making a proposed update to computer fraud and abuse laws more essential than ever, a senior Secret Service official told a Senate banking committee today.
“The increasingly multi-national, multi-jurisdictional nature of cyber crime cases has increased the time and resources needed for successful investigation and adjudication,” said Pablo A. Martinez, deputy special agent in charge, Criminal Investigative Division of U.S. Secret Service, in testimony before the Senate Committee on Banking, Housing, and Urban Affairs. Keep reading →