News Archives
Nov. 17, 2022: NCUA Board Meeting Summary
November 17, 2022 — There was one item on the NCUA Board meeting agenda, a briefing on the Quarterly Share Insurance Fund report. The fund’s equity ratio as of June...
FHFA Publishes New Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File
Oct. 24, 2022 — The Federal Housing Finance Agency (FHFA) today published its new Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File. FHFA also launched UAD Aggregate Statistics Dashboards on...
It’s Time for Compliance Department Professionals to Become Technologists
Compliance professionals within financial service firms are finding that they need to demonstrate their abilities with new technologies in order to meet regulatory requirements The expansion of governance, risk, and...
Recent Developments in Anti-Money Laundering Podcast
Please join Consumer Financial Services Partner Chris Willis and his colleague and fellow Partner Jordi de Llano as they discuss recent developments in anti-money laundering. In this episode, the attorneys...
Nearly 20% of Passwords are Compromised
Globally, over half of the passwords are reused, exposing personal and corporate data at risk. After analyzing hundreds of millions of anonymous data points, privacy firm Dashlane released a report...
Summary of October NCUA Board Meeting
Oct. 20, 2022 – The National Credit Union Administration Board held its ninth open meeting—and second in person—of 2022, and approved the agency’s Enterprise Risk Appetite Statement, which helps the agency...
Fed: The U.S. Dollar and Central Bank Digital Currencies
Governor Christopher J. Waller, at “Digital Currencies and National Security Tradeoffs,” a symposium presented by the Harvard National Security Journal, Cambridge, Massachusetts October 14, 2022 — As the payment system...
Agencies Announce Dollar Thresholds in Regulation Z and Regulation M for Exempt Consumer Credit and Lease Transactions
October 13, 2022 — The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2023...
Here’s Who’s Holding Credit Card Debt, And How Much
Oct. 12, 2022 — New data reveals that nearly half of Americans (46%) are in credit card debt, with the average debt being $6,093. The findings are based on a...
The Biggest Concerns within the US Financial Sector in 2022
October 13, 2022 — The value of digital payment transactions is growing as the world’s payment environment moves more and more away from cash. Over the past few years, BFSI...
Identity Theft Resource Center Consumer Impact Report
About the ITRC Consumer Impact Report Since 2003, the ITRC has surveyed the identity crime victims who have contacted the Center to gauge the impact of identity compromises on individuals....
FBI and CISA Publish a PSA on Malicious Cyber Activity Against Election Infrastructure
October 05, 2022 — The Federal Bureau of Investigation (FBI) and CISA have published a joint public service announcement that: Assesses malicious cyber activity aiming to compromise election infrastructure is unlikely to result...