Amanda Tuckey

How Will Banks Ensure Cash Availability in the Wake of Natural Disasters?

Banks are focusing on maintaining access to cash during crises, refining their business continuity plans, and diversifying cash reserves to ensure liquidity in disaster-hit areas. Recent events like hurricanes Helene...

2024 Audit of the CFPB’s Information Security Program

Office of Inspector General: Each year, we audit the CFPB’s information security program as required by the Federal Information Security Modernization Act. The CFPB’s information security program remains effective as a...

PODCAST: State Fair Access / Debanking Laws Bring Country’s Political & Cultural Divisions to the Fore

New State Laws Create Tension with Federal AML Requirements An increasing number of states have either enacted or are considering enacting legislation requiring financial institutions to provide persons (both existing...

Ruling On Illinois Interchange Case Expected Soon

Oral arguments in the Illinois interchange case took place Wednesday, America’s Credit Unions reported. The case is a challenge to the Illinois Interchange Fee Prohibition Act (IFPA) brought by America’s Credit Unions,...

PODCAST: Why Retailers and Merchants Should Pay Attention to the CFPB

In this episode of The Consumer Finance Podcast, Chris Willis and Jesse Silverman delve into the recent activities of the Consumer Financial Protection Bureau (CFPB) that pose significant risks to...

Capping Credit Card Rates and Fees Won’t Ease Consumer Debt Crunch

Viewpoint: Would capping interest rates and late fees on credit cards help debt-laden Americans as much as both parties say? J.D. Power data suggests some might not even notice the...

NY DFS Issues New Guidance to Address Cybersecurity Risks Arising from Artificial Intelligence

Guidance, Released During National Cybersecurity Awareness Month, Assists Entities in Identifying Cybersecurity Risks Associated with the Use of AI and Recommends Controls to Mitigate Risks New York State Department of...

CISA and FBI Release Joint Guidance on Product Security Bad Practices for Public Comment

Today, the Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) released joint guidance on Product Security Bad Practices, a part of CISA’s Secure by Design initiative. This joint...

Oct. 18: CFPB Recent Updates

Published OCT 17, 2024 CFPB Sues Student Lender Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs The Consumer Financial Protection Bureau (CFPB) sued student lender...

CISA official: AI tools ‘need to have a human in the loop’

Lisa Einstein, the cyber agency’s chief AI officer, made the case at two D.C. events for “strong human processes” when using the technology. An abbreviated rundown of the Cybersecurity and...

FinCEN Assesses Record $1.3 Billion Penalty against TD Bank

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a record $1.3 billion penalty against TD Bank, N.A. and TD Bank USA, N.A. (collectively, TD Bank, or the Bank)...

Oct. 11: CFPB Recent Updates

Published OCT 10, 2024 CFPB Takes Action Against Arbitration Platform Ejudicate for Deceiving Student Borrowers the Consumer Financial Protection Bureau (CFPB) banned private dispute resolution platform Ejudicate from arbitrating disputes about consumer financial...