The Federal Financial Institutions Examination Council today released a new appendix to its “FFIEC Information Technology Examination Handbook.” The appendix focuses on risk management practices for mobile financial services, such as SMS text messaging, mobile apps and wireless payment technologies.
Former NCUA chair named acting OCC head
Former National Credit Union Administration Chairman Rodney Hood was named acting Comptroller of the Currency by Treasury Secretary Scott Bessent. He succeeds Acting Comptroller Michael Hsu.