Fed Bars Former Banco Popular Employee Over $65,747 Customer-Fund Scheme
A Federal Reserve consent order says a former Banco Popular telephone banking consultant used at least 50 unauthorized transactions to pay credit-card debt.
Category: Risk, Fraud & Controversies
ASIC and APRA Press Payment Providers to Test AI-Era Resilience
Australia’s financial regulators want payment providers and other financial firms to prove that governance, recovery and third-party controls work at AI-driven speed.
Second Lloyds App Outage in Eight Days Tests Resilience
Lloyds restored its apps after another access outage, the second reported in eight days, renewing questions about resilience and incident transparency.
ANZ Says Scam Losses Fell 24%, but Leaves the Absolute Total Undisclosed
ANZ reports lower customer scam losses and more than A$100 million prevented or recovered, but its release omits absolute loss and activity totals.
Fed Restricts SouthPoint Bancshares Dividends and Debt Under New Capital Agreement
A Federal Reserve agreement requires SouthPoint Bancshares to strengthen capital planning, support its bank and obtain approval before dividends or new debt.
Monzo Outage Delays Payments Despite Backup Bank Activation
Monzo activated its independent Stand-in service during an outage that delayed payments and disrupted phone support, but some customers still reported failed transactions.
Lloyds Group Digital Banking Outage Blocks Customer Access
Customers of Lloyds, Halifax and Bank of Scotland lost access to mobile and online banking before Lloyds Banking Group said the issue was resolved.
Ingenico Secures €150 Million as Capital Reset Leaves Key Terms Undisclosed
Ingenico has agreed a €150 million investment led by PIMCO, but disclosed little about how its capital reset will affect debt, ownership or creditor claims.
ASIC Reports 19,400 Scam Takedowns as Deepfake Investment Fraud Expands
Australia’s securities regulator says scammers are building networks of deepfake endorsements, fake news, reviews and investment platforms to deceive victims.
CFTC Uses Emergency Power to Keep Kalshi Operating During New York Fight
The CFTC ordered Kalshi to keep operating after New York sought to stop its event-contract business, escalating a federal-state fight over prediction markets.
Draft FDIC Plan Would Certify Bank Fintech Vendors Without Replacing Oversight
A draft framework would create reusable certification for bank technology providers, but it leaves banks responsible for customer protection, integration and ongoing oversight.
Visa’s $2.4 Billion BioCatch Deal Expands Its Role in Fraud Decisions
Visa’s agreement to buy BioCatch would bring behavioral-biometrics intelligence into a global payments group, widening both its fraud capabilities and control responsibilities.