In the News
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,...
Financial Industry Groups Urge Congress Not to Intervene In Credit Card Market
Several financial industry groups, including the Independent Community Bankers of America (ICBA) are warning federal lawmakers not to intervene in the U.S. credit card market. Dave Kovaleski, Financial Regulation News...
Western Alliance Bank Notifies 21,899 Customers of Data Breach
Arizona-based Western Alliance Bank is notifying nearly 22,000 customers their personal information was stolen in October after a third-party vendor’s secure file transfer software was breached. By Sergiu Gatlan, Bleeping...
Judge Grants CFPB 30 Days to Settle Lawsuit Over Credit Card Late Fee Rule
A federal judge has granted the CFPB 30 days to try to settle the lawsuit challenging the bureau’s credit card late fee rule that was issued during the Biden Administration....
Can Reforms of Financial Regulation Encourage Economic Growth?
The UK government is proposing regulatory reforms of the financial services sector as part of its agenda for boosting economic growth. The main focus is on encouraging domestic investment by...
Why Cash Poor Americans Often Fail to Get Ahead
Ilaria D’Anca, 44, in Mesa, Arizona felt that she had everything going for her with a graduate degree in advertising and public relations, with honors. She worked 20 years as...
Block Takes on Payday Lenders with Cash App
The company says new consumer loans to be made by its Square bank through the digital wallet are a less expensive alternative to predatory short-term financing. The payments giant Block...