Links in “FFIEC”

The NASCUS/CUNA Cybersecurity Symposium has come to a close and was a big hit with key discussions regarding the new FFIEC cybersecurity tool, vital points about data breaches, and vulnerabilities in the evolving payment system. [8/27/15]

FFIEC releases the 2014 CRA data. [8/26/15]

ABA writes to the members of the FFIEC to request that it articulate its policy for examining financial institutions during the initial months after TILA-RESPA Integration Disclosure Rules take effect. [8/13/15]

The NCUA is hosting an upcoming webinar on the FFIEC's new cybersecurity tool and how it can be used to help protect your institution. The webinar will be hosted by Tim Segerson, Deputy Director of Examination and Insurance, and Patrick Truett, an Information Systems Officer for the Office of Examination and Insurance. The webinar is free of charge, and participants may submit questions in advance to be answered during the webinar. [7/22/15]

The Federal Financial Institutions Examination Council (FFIEC) has announced that it has developed a new cybersecurity risk assessment tool that financial institutions can use to assess how prepared they are to address cybersecurity risk. The free tool is available on the FFIEC website here. [7/1/15]

The FFIEC has released a new cybersecurity assessment tool meant to determine an institution’s cybersecurity risk and level of preparedness. [7/1/15]

Eight titles with over 50 Sections are presented in the Financial Regulatory Improvement Act of 2015. Key compliance areas include proposed efforts on revising Dodd-Frank's "Qualified Mortgage" safe harbor, expanded exceptions on privacy notices, expansion of 18-month examination cycle for smaller insured depository institutions, review of outdated regulations, new FFIEC Ombudsman to investigate examination complaints, and removal of right of rescission waiting period for reduction in mortgage rates. Chairman Shelby described the effort as a “working document intended to initiate a conversation with all members of the Committee who are interested in reaching a bipartisan agreement to improve access to credit and to reduce the level of risk in [the] financial system.” [5/15/15]

Chances are you haven't crammed for a final in quite some time. But why not give the FFIEC Cybersecurity Exam the old college try? Recently, the FFIEC released several statements to aid financial institutions in not only preparing for a cybersecurity exam, but also in creating a sturdier standard of defense against the almost inevitable threat of cyber attack. [5/12/15]

The Federal Financial Institutions Examination Council (FFIEC) released two statements warning of cyber risks. The releases address the rising risk of destructive malware, which can destroy sensitive data and compromise personal information. The FFIEC also offers direction on how to deal with possible cyber security threats. [4/7/15]

The World Council of Credit Unions is speaking out in support of the actions under consideration by the Financial Action Task Force (FATF), which forms the basis for most FFIEC AML guidance,  to address financial institution customer “de-risking.”  Credit unions have reported that they face pressure from examiners not to open accounts for MSBs and that it is becoming increasingly difficult for credit unions to open and maintain bank accounts. [4/2/15]