On November 14, 2021, the U.S. Department of the Treasury announced a bilateral cybersecurity partnership with the Israeli Ministry of Finance “to protect critical financial infrastructure and emerging technologies” and combat the use of ransomware. The initiative includes the launch of a U.S.-Israeli Task Force on Fintech Innovation and Cybersecurity (the “Task Force”), which seeks to advance the twin goals of encouraging fintech innovation while protecting against cyber threats from nation-state and criminal actors.
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On October 22, 2020, the Consumer Financial Protection Bureau issued a notice of proposed rulemaking to implement Section 1033 of the Dodd-Frank Act regarding consumers’ access to their financial information.
Continue Reading Consumer Financial Protection Bureau Issues Notice of Proposed Rulemaking Regarding Access to Financial Information