ExFlyBoy5
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I saw a story on this a few days ago and was somewhat surprised that no one has posted it as of yet. Seems like USAA keeps stumbling...
https://www.americanbanker.com/news/usaa-ordered-to-improve-risk-management-information-security
This is unrelated to this: https://www.americanbanker.com/news...cfpb?tag=00000158-b171-df83-abd8-bdf581570000
https://www.americanbanker.com/news/usaa-ordered-to-improve-risk-management-information-security
Banking regulators have identified a range of operational shortcomings at USAA Federal Savings Bank, criticizing its risk management program, its systems for complying with various laws and regulations, and its information security efforts.
In an agreement that was made public Friday, the Office of the Comptroller of the Currency ordered the San Antonio bank to develop plans to remedy the alleged failures.
The 21-page agreement does not include any financial penalties. USAA, an $82 billion-asset bank that serves members of the U.S. military and their families, neither admitted nor denied the claims.
This is unrelated to this: https://www.americanbanker.com/news...cfpb?tag=00000158-b171-df83-abd8-bdf581570000
The CFPB alleged that USAA reopened deposit accounts without customers’ consent and neglected stop-payment requests. The bank agreed to pay a $3.5 million fine and $12 million in restitution to 66,000 customers.