CFPB Responds to ABA Concerns Over Records Disclosure Proposal in Final Rule
The Consumer Financial Protection Bureau today published its final rule on the disclosure of records and information.
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FSB Proposes ‘Cyber Lexicon’ to Promote Consistency
To ensure that banks and regulators around the world can cooperate effectively on cybersecurity, the Basel, Switzerland-based Financial Stability Board today issued a proposed “cyber lexicon” to facilitate cross-border understanding and information sharing.
Trump Administration Calls for Broad Collaboration to Counter Botnet Threat
A report issued by the Departments of Commerce and Homeland Security today called for widespread collaboration between government and industry stakeholders to combat the growing threat of botnets and other automated, distributed cyber threats.
Quarles: Fed Focusing on Cyber Risks to Financial Stability
The Federal Reserve will increase its focus on potential secondary cybersecurity risks posed by efforts to prepare for cyber threats, Fed Vice Chairman for Supervision Randal Quarles said at an industry event today.
FS-ISAC Announces API to Facilitate Customer Data Sharing
The Financial Services Information Sharing and Analysis Center today unveiled an updated API — available to banks free of charge — to facilitate secure, tokenized transfer of customer data.
FinCEN Launches New Public-Private Information-Sharing Forum
The Financial Crimes Enforcement Network will formalize FinCEN Exchange, a new forum to facilitate public- and private-sector information sharing on financial crimes data, Sigal Mandelker told the ABA/ABA Financial Crimes Enforcement Conference today.
BAFT: Public-Private Partnerships Needed to Combat Trade-Based Money Laundering
A new paper released today by BAFT—ABA’s foreign transaction banking subsidiary—called for increased partnerships between public and private entities to help curb the use of trade transactions to move illicit funds through the financial system.
From Katrina to Harvey: Five Ways Banks Are More Resilient to Disaster Today
Thanks to hard lessons from Hurricane Katrina, banks today are more resilient than ever.
ABA Makes Recommendations to Protect Customer Data When Shared
In a comment letter to the Consumer Financial Protection Bureau today, ABA offered several recommendations for protecting consumers’ financial information when it is being voluntarily shared with third party data aggregators.