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.
ABA offers fixes for small-business lending data collection rule
In a letter, ABA said it is pleased with the CFPB's proposal to revise its small-business lending data rule and offered several recommendations to reduce the compliance burden for banks.