FDIC Requires SouthPoint Bank to Improve Credit Risk Management
The Federal Deposit Insurance Corp. (FDIC) announced a consent order with Birmingham, Alabama-based SouthPoint Bank that concerns “charges of unsafe or unsound banking practices and/or violations of...
What Banks and FinTechs Should Expect Next From Scaled-Back CFPB
Once sharply focused on an expansive enforcement agenda, the Consumer Financial Protection Bureau (CFPB) has reprioritized matters it pursues, amended or scaled back certain actions, and faces an (at ...
Coupang Makes Billion-Dollar Apology After Record Data Breach
South Korean retailer Coupang is preparing to compensate customers impacted by a massive data breach.
The eCommerce company will begin offering vouchers worth up to 55,000 won ($38) to ea...