Last Friday, the Federal Deposit Insurance Corporation (FDIC) announced the rescission of Financial Institution Letter (FIL-16-2022) and issued new guidance clarifying the process for FDIC-supervised institutions to engage in crypto-related activities. The new Financial Institution Letter (FIL-7-2025) represents a 180 degree turn from the prior Chairman’s position, which required prior notification and relevant information by banks seeking to engage in crypto-related activities.
The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2025, through March 31, 2025.
In a significant legal ruling, U.S. District Judge Amy Berman Jackson has issued a preliminary injunction preventing several actions that she determined would undermine the Consumer Financial Protection Bureau (CFPB). This decision comes in response to a lawsuit filed by the National Treasury Employees Union and other organizations challenging measures implemented by CFPB Acting Director Russell Vought under the Trump administration.
In a recent blog post, “The Need for Cyber Liability Insurance in Debt Collection,” ACA International member company Weltman, Weinberg & Reis Co., LPA breaks down why cyber insurance is so crucial in the accounts receivable management industry.
When your personal data gets splashed around in a data breach, it isn’t your fault. Somebody else made a mistake. There was nothing the crypto investors who lost $1.4 billion in the ByBit crypto exchange hack could have done to prevent it. Even the creator of the popular HaveIBeenPwned breach tracking site was fooled by a phishing fraud. In some cases, like the National Public Data breach that exposed billions of SSNs, you can find out if your data got spilled. But you might never know if a potential employer shared your data with a third-party screening firm that failed to secure it.
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