Ransomware crew claims 5 banks and a CU, 2 confirm breaches; FTC emerges as main ...

Attackers stole files holding the names and Social Security numbers of 16,069 people from a New York community bank this summer, and the ransomware group that claimed the attack has named five other U.S. financial institutions as victims in a recent wave of attacks.

The five banks and one credit union collectively hold $6.7 billion in assets, according to call reports published by the Federal Deposit Insurance Corp. and National Credit Union Administration. None of the four unconfirmed banks appears in the searchable breach records that six states publish. More here .

FTC emerges as main consumer-protection watchdog in D.C.

Though consumer protection at the federal level has ground to a halt under the second Trump administration, one agency is a notable exception: the Federal Trade Commission.

The FTC has maintained an active docket with aggressive oversight of major technology platforms and digital payment processors engaged in facilitating fraud and deceptive practices, including surveillance pricing and undisclosed fees. In light of that record, financial services companies shouldn't assume that consumer-protection enforcement in Washington will be nonexistent for the two years. More here.

Here are more of today's top stories from American Banker:

BofA has 5 million wealthy customers outside Merrill. Can it win their assets? Read the full story here. Fed's Bowman says 'there is still work to do' on inflation. Read the full story here. Card balances rise, but pace of growth slows: New York Fed. Read the full story here.

BofA has 5 million wealthy customers outside Merrill. Can it win their assets? Read the full story here.

Fed's Bowman says 'there is still work to do' on inflation. Read the full story here.

Card balances rise, but pace of growth slows: New York Fed. Read the full story here.