Wells Fargo has picked up three digital technology startup companies through its accelerator program that it hopes will help the big bank grapple with digital fraud detection, improve the customer experience and bolster cloud computing services.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.