FEDERAL GOVERNMENT RELATIONS
CFPB seeks input on Section 1033 data sharing reconsideration
The Consumer Financial Protection Bureau is seeking public comment on the costs and challenges of enforcing the Dodd-Frank Act’s data sharing requirements as it considers new rulemaking to implement the law.
Senators seek public feedback on National Flood Insurance Program reforms
Two senators are seeking public input on the National Flood Insurance Program as Congress considers legislation to reauthorize and possibly reform the program.
Report: FDIC needs to improve third-party service provider exam program
The Federal Deposit Insurance Corp. has not established performance goals and metrics to measure the effectiveness of its program to assess the risk management practices of third-party firms that provide services to banks, according to a recent report by the FDIC Office of Inspector General.
Treasury Department seeks feedback on stablecoins, illicit activities
The Treasury Department issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can use to detect illicit activity involving digital assets.