On December 19, 2024, the U.S. Department of Treasury (“Treasury”) released a report on The Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector (the “Report”). The…
On May 23, 2024, the U.S. Department of Housing and Urban Development (“HUD”) announced that, effective immediately, Federal Housing Administration (“FHA”)-approved Mortgagees are subject to a drastically heightened cybersecurity incident…
As we approach the end of the year, here are the Top 10 posts on the Debevoise FinReg and FinTech Blog in 2023. If you are not already a Blog…
On Thursday, September 16, 2022, the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) published a report (the “Report”) detailing the regulatory risks of Buy Now, Pay Later (“BNPL”) products…
On November 18, 2021, federal banking regulators published a Final Rule that imposes new notification requirements on banking organizations for certain cybersecurity incidents. Most significantly, the Final Rule requires that…
As financial institutions increasingly deploy artificial intelligence (“AI”), including machine learning and automated decision-making technologies, across their business lines, U.S. federal regulators have started to scrutinize the consumer protection implications…
On January 12, 2021, the Federal Deposit Insurance Corporation (“FDIC”), the Office of the Comptroller of the Currency (“OCC”) and the Federal Reserve Board (“FRB”) (together the “Agencies”) published a…