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October

25
2022
Compliance

PCI Compliance Guide and Checklist

The PCI Security Standards Council (SSC) was started in 2006 by American Express, Discover, JCB, Mastercard and Visa with the goal of minimizing fraud and improving transaction security for the payment card industry. The SSC defines, implements, and maintains the Payment Card Industry Data Security Standard (PCI DSS).

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October

24
2022
Industry News

Consumers who were charged illegal fees by Howard Law, P.C. will receive compensation

If you paid a fee to Howard Law, P.C. on or after January 30, 2014, you may be entitled to a payment because of a federal lawsuit. In January 2017, the CFPB sued a ring of law firms and attorneys (Vincent Howard, Lawrence Williamson, Howard Law, P.C., The Williamson Law Firm, LLC, and Williamson & Howard, LLP), who collaborated to charge illegal fees to struggling consumers seeking debt relief. Learn more about the lawsuit.

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October

24
2022
Industry News

More Work Needed to Secure Data in the Cloud, Survey Finds

The Cloud Security Alliance (CSA) in coordination with data protection firm BigID released the results of a survey in which more than 1,500 IT and security professionals weighed in on the state of cloud data security in 2022. Among the survey’s fascinating results:

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October

24
2022
Industry News

ACA International Responds to Court Decision on CFPB Funding Structure

The Consumer Financial Protection Bureau’s funding structure through the Federal Reserve was found unconstitutional Wednesday by the U.S. Court of Appeals for the 5th Circuit. ACA International has long advocated for the bureau’s funding to be through the congressional appropriations process.

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October

21
2022
Industry News

CREDIT UNIONSPYMNTS Intelligence: Member Data Drives Personalized Innovation

Personalization has become the watchword in financial services today. A 2021 PSCU consumer survey found that nearly eight in 10 respondents prefer working with a financial institution (FI) that knows them on a personal level — a relationship that appropriate data usage can facilitate. This is one reason why 11% of credit unions (CUs) surveyed said they were considering replacing or upgrading their data analysis systems during the 2021 calendar year.

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