CFPB seeks input on Section 1033 data sharing reconsideration
The CFPB is seeking public comment on the costs and challenges of enforcing the Dodd-Frank Act’s data sharing requirements as...
Cybersecurity
ABA, associations seek financial institution exemption in possible comprehensive federal data privacy law
ABA joined six associations in requesting that House lawmakers exempt financial institutions from any national multi-sector data privacy law as...
Treasury Department seeks feedback on stablecoins, illicit activities
The Treasury Department issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can...
Fed to end separate supervision program for crypto, fintech activities
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology...
CFPB to repropose rules on small business lending, data sharing
The CFPB plans to propose rulemaking on small business lending data collection and consumer data sharing before the end of...
Report: Financial institutions main target for phishing attacks
Financial institutions are “top targets” for phishing attacks, accounting for more than half of all phishing attacks globally, according to...
Chair’s View: Taking the fraud fight to the trenches
The banking industry has played a leading role in the fight against fraud, but a whole-of-government approach is needed.
House committee seeks input on data privacy, possible legislation
The House Financial Services Committee is seeking public feedback on current federal consumer financial data privacy law and potential legislative...
Reports explore information exposure, costs of data breaches
A recent analysis of data breach incidents found that nearly every breach contained financial information, while a separate analysis concluded...
Bill would create regulatory labs for financial institutions to test AI
A bipartisan group of senators and House lawmakers introduced a bill to create regulatory “sandboxes” for artificial intelligence test projects...
