In the News
FFIEC Statement: Examination Principles Related to Valuation Discrimination & Bias in Residential Lending
FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending The Federal Financial Institutions Examination Council today issued a statement of principles related to valuation...
CISA and Partners Release Advisory on PRC-sponsored Activity & Supplemental Guidance
CISA, the National Security Agency (NSA), and the Federal Bureau of Investigation (FBI) released a joint Cybersecurity Advisory (CSA), PRC State-Sponsored Actors Compromise and Maintain Persistent Access to U.S. Critical Infrastructure alongside...
Verizon Says Data Breach Impacted 63,000 Employees
Verizon is notifying 63,206 employees that their personal information was exposed in an internal data breach. Telecommunications giant Verizon Communications is notifying more than 63,000 employees that their personal information...
NCUA’s Harper: Large Credit Unions Will Report Overdraft Data
National Credit Union Administration Chairman Todd Harper said Tuesday in an interview at the Brookings Institute his agency will soon require credit unions with above $1 billion in assets to...
NCUA Releases Addendum to Other Supervisory Committee Audit Guide
The National Credit Union Administration today released an addendum to its Other Supervisory Committee Audit, Minimum Procedures Guide. Accounting Standard Codification No. 326 Financial Instruments—Credit Losses, referred to as Current...
CISA: Cybersecurity Best Practices
Overview Cyberspace is particularly difficult to secure due to a number of factors: the ability of malicious actors to operate from anywhere in the world, the linkages between cyberspace and...
The CFPB’s Enforcement Work In 2023 and What Lies Ahead
The CFPB safeguards household financial stability by ensuring that consumer financial markets are fair, transparent, and competitive. Our enforcement authority is among the CFPB’s most impactful tools—reinforcing compliance with federal...
RegFi Podcast: Bank-like Supervision for Big Tech? A Look at the CFPB’s “Larger Participant” Rule
The CFPB’s proposed rulemaking on digital wallets and payment apps would bring new regulatory supervision and compliance...
Bank Failure to Manage Climate Risks Poses Threat of Extinction
The European Central Bank has waned of the grave transition risks for banks that fail to prepare for a low carbon economy. In a blog post marking the publication of...
Jan. 26, 2024: CFPB Updates
PUBLISHED JAN 24, 2024 CFPB Issues Nonsufficient Funds Fees NPRM Today, the CFPB issued the Nonsufficient Funds Fees Notice of Proposed Rulemaking (NSF NPRM), which proposes to prohibit covered financial institutions...
NCUA Board Approves Annual Performance Plan; Briefed on DEIA Strategic Plan
Jan. 18, 2024 – The National Credit Union Administration Board held its first open meeting of 2024 and unanimously approved the agency’s 2024 Annual Performance Plan and received a briefing on the Diversity, Equity,...
Recent Congressional Activities
U.S. House of Representatives: Committee on Financial Services McHenry, Waters Announce Creation of Bipartisan AI Working Group January 11, 2024 U.S. House Committee on Financial Services Chair Patrick McHenry (NC-10) and...