The OCC today released its Cybersecurity Supervision Work Program for use by examiners. The program contains high-level examination objectives and procedures that are aligned with existing supervisory guidance and the National Institute of Standards and Technology’s cybersecurity framework, according to the agency. It does not establish new regulatory expectations and banks are not required to use the work program to assess cybersecurity preparedness.
The FBI issued a warning to the public that criminals are using generative artificial intelligence to commit financial fraud and provided tips for consumers on how to protect themselves.
FHA announced that approved lenders will have 36 hours to report a cybersecurity incident to HUD instead of 12 hours, as was originally proposed.
The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.
The top lawmakers on the House Financial Services Committee introduced a bill that would direct regulators to study the potential benefits and risks of AI in the financial and housing markets and propose possible regulations.
Cybersecurity along with fraud and financial crimes are the top risks facing financial institutions in 2025, according to a recent survey of bank chief risk officers.
Commercial real estate and cybersecurity risks remain potential vulnerabilities for the U.S. financial system, the Office of Financial Research said in its annual report to Congress. The report also identified “data gaps” that could complicate projections.
