New executive order mandates a general transition to electronic payments and the elimination of paper checks for federal payments, such as distributing tax refunds, Social Security benefits, veterans' benefits, and other key...more
3/31/2025
/ Cybersecurity ,
Data Privacy ,
Executive Orders ,
Financial Services Industry ,
FinTech ,
Fraud Prevention ,
Payment Systems ,
Popular ,
Regulatory Reform ,
Trump Administration ,
U.S. Treasury
The Consumer Financial Protection Bureau released its proposed rule to treat overdraft features for deposit accounts as credit, subject to the Truth in Lending Act (TILA) and its implementing rules, Regulation Z. The proposal...more
A reminder to non-bank financial institutions subject to the Gramm-Leach-Bliley Act (GLBA): the deadline to comply with the Federal Trade Commission's (FTC) revised Standards for Safeguarding Customer Information, commonly...more
5/19/2023
/ Compliance ,
Cybersecurity ,
Deadlines ,
Department of Education ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
FTC Act ,
GLBA Privacy ,
Investment Adviser ,
Multi-Factor Authentication ,
New Rules ,
Popular ,
Risk Assessment ,
Safeguards Rule ,
Third-Party Risk