The Financial Services Information Sharing and Analysis Center last week announced an arrangement with the Federal Reserve Banks to provide direct access to FS-ISAC security threat information to over 10,000 of their financial institution customers. Under the terms of the agreement, FS-ISAC will allow the Federal Reserve Banks to provide their customers with access to the Weekly Risk Summary report, designed for community institutions and delivering timely and actionable information on significant security threats to board and C-level personnel.
FDIC rescinds guidance on representment NSF fees
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.









