Welcome to NASCUS Report

Technology & Payments

Chime’s Free Overdraft Feature Extended $30 Billion to Users; Fidelity Slashes Mobile Deposit Limits Following Fraud Wave; Who Wins in An Open Banking Future?; 39% of Millennials Say They’ve Used BNPL as a Payment Option in the Last Year
Happening in Tech

AI & Digital Assets

How Shifts in Cyber Insurance Are Affecting the Security Landscape; Consumer Advocate, Fintechs Urge CFPB, FHFA to Adopt AI Guidance; Financial Services Calls for AI and ESG Regulations to Realize Benefits; OPINION: How Generative AI Raises Cyber Risks for SMBs
AI Policy News

Fraud & Cybersecurity

Cyber Insurance Shifts Focus to Identity Security and AI; Court Data Exposed by Vulnerabilities in Software Used by U.S. Government; iPhone, Android Users Warned After 50,000 Message Email Bomb Attack; CFOs Suite Up for Cyberwar as Risk Management Evolves
Cyber News

Industry & Regulation

U.S. Home Insurance Rates Are Rising Fast – Hurricanes & Wildfires Play A Big Role, But There’s More To It; Credit Unions Buying Banks to Get Added Scrutiny in FDIC Reviews; Corporate Transparency Act Litigation Update; House Introduces Bill to Improve Credit Scores
Industry Updates

News Around the States

– How to Spot a Hurricane-Related Scam
– Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Helene
– CU Provides Warm Meals to Those Devastated by Helene
– Previewing the NASCUS State System Summit in Colorado Springs
– GreenState Teams Up with Local Brewery to Make a Greener Iowa
– Corporate Central Proudly Sponsors Tunnel to Towers Run & Walk Event, Honoring Heroes
Read More Stories Here

Account Verification Is the Only Way to Build Trust in Pay-by-Bank World

The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking —…

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Compliance Tip of the Day: Why Data Access is Key to Compliance Effectiveness Podcast

Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re…

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Oct. 4 CFPB Recent Updates

Published OCT 03, 2024 CFPB Releases Nonbank Registration Orders Rule Coverage Chart Today, the CFPB released a chart that summarizes how an entity may determine if it is required to register…

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