Welcome to NASCUS Report

Thank you for reading. In lieu of the Thanksgiving holiday, NASCUS Report will return on Friday, December 6th.

Technology & Payments

FDIC Pushes for Transparency in Bank-FinTech Partnerships; Banks Hit Credit Card Users with Higher Rates in Response to Regulation That May Never Arrive; Why the CFPB Needed to Curb Data Brokers’ Access to Financial Data; Gen Z Is Swimming in Debt, But Not Pressing Pause on BNPL Holiday Shopping
Happening in Tech

AI & Digital Assets

Now AI Can Bypass Biometric Banking Security, Experts Warn; What Trump 2.0 Means for Tech and AI Regulation; Ripple’s Stablecoin RLUSD Expected to Launch with NYDFS Approval; Cryptocurrency Policy Under Trump: Lots of Promises, Few Concrete Plans
AI Policy News

Fraud & Cybersecurity

U.S. Officials Urge Americans to Use Encrypted Apps Amid Cyberattack; Starbucks & Other Retailers Hit with Ongoing Ransomware Attack on Software Provider; New DroidBot Android Malware Targets 77 Banking, Crypto Apps; Phishing Prevention Framework Reduces Incidents by Half
Cyber News

Industry & Regulation

New Year, New AML and Compliance Approach for Financial Institutions; Trump Is In: Will Pro-Cannabis Reform Be In or Out?; Why Community Banks Are Struggling to Expand Loan Portfolios; Agencies Issue Statement on Elder Financial Exploitation
Industry Updates

News Around the States

– From Nevada: Risks, Regulations and the Rewards of Being a Cooperative Member of Your Chosen Financial Institution
– From Colorado: ABA Files Coalition Amicus Brief Urging Tenth Circuit to Affirm Preliminary Injunction in Rate Opt-Out Lawsuit
– From California: SAFE Credit Union Partners with Speakers Series Featuring Noted Speakers of the Day
– From Oklahoma: Bank, Credit Union Boards Approve 70% Reduction in Assessments
Read More Stories Here

Federal Bank Regulatory Agencies Seek Comment on Effort To Reduce Regulatory Burden

Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency The federal bank regulatory agencies today announced their third notice requesting comment to reduce regulatory burden….

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CISA Releases Guidance For Network Monitoring to Detect Malicious Cyber Actors

The Cybersecurity and Infrastructure Security Agency (CISA), in collaboration with the National Security Agency (NSA), Federal Bureau of Investigation (FBI), and international partners, has released crucial guidance for monitoring networks…

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Dec. 6: CFPB Recent Updates

Published DEC 06, 2024 CFPB Sues Comerica Bank for Systematically Failing Disabled and Older Americans The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank for systematically failing its 3.4 million Direct…

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