Newsbytes

New York Finalizes Cybersecurity Rules

The New York Department of Financial Services today issued final regulations that will require NY chartered banks and affiliates to establish and maintain a cybersecurity program as part of an ongoing effort to protect consumers and the state’s financial system from cybercrime.

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Full Circuit Court to Hear Appeal of CFPB Structure Case

The full D.C. Circuit Court of Appeals today agreed to hear the appeal in PHH Mortgage v. Consumer Financial Protection Bureau, a closely watched case over whether the CFPB’s leadership structure -- a single powerful director who cannot be removed at will by the president -- is constitutional.

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FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts

Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities and duties, according to a report issued today by the FDIC’s independent inspector general.

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Household Debt Jumps to End 2016

Outstanding household debt increased by a robust 1.8 percent in the final quarter of 2016, rising by $226 billion to $12.58 trillion, the Federal Reserve Bank of New York said today.

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DOJ Releases ADA Website Accessibility Tools

The Department of Justice recently published an “ADA Best Practices Tool Kit,” which includes website accessibility guidance and a checklist that can be used to verify compliance with the Americans with Disabilities Act.

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Housing Starts Fell in January

Housing starts fell to a seasonally adjusted annual rate of 1.246 million in January, 2.6% below the revised December rate of 1.279 million, but 10.5% above the January 2016 rate. Housing activity increased in two out of the four regions. The Northeast and the South saw housing starts jump 55.4% and 20.0%, respectively. The West and the Midwest, however, experienced ...

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