CFPB finalized the “Open Banking Rule” granting customers greater control over their personal financial data
Continue Reading US: CFPB Finalizes Open Banking Rule Under Section 1033: Key Takeaways for Accessing Consumer Financial Data
John Gevertz
US CIRCIA Update: CISA Proposed Regulations Released
By John Gevertz & Chelsea Rissmiller on
Posted in Cyber security
This month, the Department of Homeland Security (“DHS”) Cybersecurity and Infrastructure Security Agency (“CISA”) released its long-awaited proposed draft regulations pursuant to the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (“CIRCIA” or the “Act”).
The Act was enacted on March 15, 2022, following several significant and disruptive cyberattacks on critical infrastructure in the…
Continue Reading US CIRCIA Update: CISA Proposed Regulations ReleasedUS: Open Banking Regulation Arrives in the US
In 2010, Congress included a provision in the Consumer Financial Protection Act (CFPA) requiring that the Consumer Financial Protection Bureau (CFPB or Bureau) promulgate rules effectuating what is commonly referred to as “Open Banking.” Specifically, the rules would require any entity that engages in offering or providing a consumer financial product or service to make…
Continue Reading US: Open Banking Regulation Arrives in the USUS: Regulators Enhance Information Security Requirements for Financial Services Companies
By Katie Lee, John Gevertz, James Duchesne & Andrew Serwin on
Posted in Cyber security, Uncategorized
Sweeping Amendments to NYDFS Cybersecurity Regulation
On November 1, 2023, the New York Department of Financial Services (NYDFS) announced extensive amendments to its cybersecurity requirements for financial institutions issued under 23 NYCRR Part 500. The amendments are intended to address the evolution in the cybersecurity landscape since the regulation was first enacted in 2017, including…
Continue Reading US: Regulators Enhance Information Security Requirements for Financial Services Companies