Last month, the Federal Deposit Insurance Corporation (“FDIC”) took action against a bank for alleged unsafe or unsound banking practices. This, in and of itself, is not usual or newsworthy. What is unusual and newsworthy,...more
12/14/2023
/ Audits ,
Banks ,
Compliance ,
Consent Order ,
EFTA ,
Enforcement Actions ,
FDIC ,
FinTech ,
High Risk Sectors ,
RESPA ,
Risk Management ,
Third-Party ,
Training ,
Truth in Lending Act (TILA)
On Tuesday, March 15, President Joe Biden signed into law a $1.5 trillion government funding bill that included new legislation mandating critical infrastructure owners and operators to report a substantial cyber-attack and...more
3/22/2022
/ Critical Infrastructure Sectors ,
Cyber Attacks ,
Cybersecurity ,
FDIC ,
Federal Reserve ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
OCC ,
Popular ,
Ransomware ,
Reporting Requirements ,
Ukraine
Nearly a year after issuing the notice of proposed rulemaking, the FDIC, OCC, and Federal Reserve have issued a final rule setting new notification requirements for banks and their third-party service providers in the event...more