As regulators worldwide continue to scrutinize the impact of AI on industries within their respective purviews, two key global agencies issued guidance in October 2024 that highlighted AI-based cybersecurity risks and best...more
10/30/2024
/ Artificial Intelligence ,
Banking Sector ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
NYDFS ,
Risk Assessment ,
Risk Management
In a move that underscores the importance of clarity and accuracy in consumer-facing terms and conditions, the Consumer Financial Protection Bureau recently issued Circular 2024-03, addressing the use of unlawful or...more
With a proposed rule released last month (the “Proposed Rule”), the Consumer Financial Protection Bureau (“CFPB”) aims to regulate larger nonbank providers of digital wallets, payment apps, and similar services. The Proposed...more