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Report Warns of Sophisticated Cybersecurity Threat Environment
A recent cybersecurity report finds that nearly one in five middle market organizations experienced a data breach in the last year, despite the fact most executives are confident in their...
Rescheduling or Descheduling Marijuana: How Would Industry Be Impacted?
The possible reclassification of marijuana under the federal Controlled Substances Act is sparking debate about dismantling barriers to interstate commerce and the future of the industry. While many states have...
OCC to Remove Dedicated Supervision for Community Banks
The agency’s restructuring will merge the supervision of large, midsize, and community banks The Office of the Comptroller of Currency (OCC) is set to implement an organizational restructuring that removes...
CFPB Ends Enforcement of Registry of Consumer Law-Breaking Nonbank Financial Companies
The Consumer Financial Protection Bureau (CFPB) said Friday (April 11) that it will not prioritize enforcement of a regulation requiring a registry of nonbank financial companies that have broken consumer...
Homebuyers Rush to Riskier Loans, As Tariff Turmoil Pushes Interest Rates Higher
Key Points The share of borrowers applying for adjustable-rate loans jumped to the highest in over two years. Mortgage rates jumped 20 basis points in one week. Homebuyers pulled back,...
OCC Combines Supervision into Single Unit
The Office of the Comptroller of the Currency will merge its large, midsize and community bank supervision units into a single office, according to an agency announcement on Wednesday. According...
Building Cyber Resiliency into Financial Institutions
As cyberattacks grow more sophisticated, organizations are increasingly worried not just about data theft but also about threats to their critical infrastructure. Courtesy of Tom Nawrocki, Payments Journal With hackers...
Lawmakers introduce House version of FIRM Act
Reps. Andy Barr (R-Ky.) and Ritchie Torres (D-N.Y.) announced today they have introduced the House version of the Financial Integrity and Regulation Management Act, which would remove reputational risk as a component...
Proactively Meeting DORA Supply Chain Resilience Obligations
Introduction to DORA and its Implications As of Jan.17, 2025, the European Union’s Digital Operational Resilience Act (DORA) became enforceable. This new regulatory framework significantly impacts financial institutions and certain...
Held for Ransom: What Should You Know About Ransomware Attacks?
PODCAST: Ransomware has the ability to instill fear in everyone from the smallest company to the largest corporation. It can affect operations on a global scale in minutes. And while...
Fast Flux: A National Security Threat
The National Security Agency (NSA) and partners are releasing the joint Cybersecurity Advisory (CSA), “Fast Flux: A National Security Threat,” to warn about how cyber actors are using a technique called fast...
ICYMI: Fed, OCC, FDIC Seek to Rescind CRA Final Rule
Three federal bank regulators will propose to rescind the Community Reinvestment Act final rule due to pending litigation, they announced Friday morning. Courtesy of Gabrielle Saulsbery, Banking Dive The Federal Reserve,...