US regulators have increased their focus on cybersecurity issues impacting financial services companies, with a host of guidance documents recently released by the US Securities and Exchange Commission (SEC), the three...more
The FDIC Board of Directors issued a proposal on December 13 amending and updating the rules regarding the use of the official FDIC sign and advertising statements to better reflect the modern consumer banking landscape. As...more
The three federal banking agencies (i.e., the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency—collectively, the Agencies) published a final rule (the Rule)...more
12/3/2021
/ Bank Service Company Act ,
Banking Sector ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Final Rules ,
Financial Regulatory Agencies ,
Financial Regulatory Reform ,
FinTech ,
Popular
US President Joe Biden’s Working Group on Financial Markets (PWG), along with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), released a report on the risks and...more
11/8/2021
/ Banking Sector ,
Biden Administration ,
CFTC ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Depository Institutions ,
FDIC ,
Financial Services Industry ,
FinTech ,
OCC ,
Securities and Exchange Commission (SEC) ,
Stablecoins
Three federal banking agencies (the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency – collectively Agencies) issued proposed risk management guidance on July...more
On June 24, the US House of Representatives voted to join the US Senate in a joint resolution of disapproval under the Congressional Review Act (CRA) of the Office of the Comptroller of the Currency’s (OCC’s) “true lender”...more
The Financial Crimes Enforcement Network (FinCEN) recently issued guidance consolidating current FinCEN regulations, rulings, and guidance about cryptocurrencies and money services businesses (MSBs) under the Bank Secrecy Act...more
5/21/2019
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Blockchain ,
Broker-Dealer ,
CFTC ,
Cryptocurrency ,
Digital Wallets ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Money Services Business ,
Securities and Exchange Commission (SEC)