Welcome to NASCUS Report

Technology & Payments

House Votes to Kill CFPB Payments Rule; Metal Cards Become New Norm as Fraud Fears Deepen; The U.S. Is Trailing in Faster Payments; Why 3rd-Party Vendors Need to Act Fast on DORA Compliance
Happening in Tech

AI & Digital Assets

Are Stablecoins a Threat or an Opportunity for Banks?; DOJ Ends Crypto Enforcement Team; Shifts Focus to Terrorism and Fraud; CSBS Flags Key Risks in Draft Stablecoin Legislation; Strategy Reports Unrealized $5.91B Loss on Digital Assets
AI Policy News

Fraud & Cybersecurity

Phishing Kits Now Vet Victims in Real-Time Before Stealing Credentials; In Salt Typhoon’s Wake, Congress Mulls Potential Options; OCC Says Hackers Accessed 150K Emails; Who’s Calling? Threat of AI-Powered Vishing Attacks
Cyber News

Industry & Regulation

Big Banks Quietly Prepare for Catastrophic Warming; House Strikes Down $5 Overdraft Fee Limit, Sending Issue to Trump; Banks Don’t Pay Tariffs, but Tariffs Will Cost Them; Why Does Everyone Want to Be a Bank Now?
Industry Updates

News Around the States

– California Seeks to Expand DFPI’s Consumer Finance Enforcement Authority with Senate Bill 825
– LAFCU’s $10K Innovation for Education Grant to Fund School Improvements
– A Century of Service: Metro Credit Union Has Helped Generations of Massachusetts Families Achieve Their Financial Dreams
– Early Returns ‘Exceeded Expectations’ for DFCU’s First Bank Buy
Read More Stories Here

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…

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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…

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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…

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