FFIEC Issues Statement on Cloud Computing Services

August 19, 2020 - 2 min read

On April 30, 2020, the Federal Financial Institutions Examination Council (FFIEC) on behalf of its members issued a statement to address the use of cloud computing services and security risk management principles in the financial services sector. Security breaches involving cloud computing services highlight the importance of sound security controls and management’s understanding of the…

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Revised Interagency Examination Procedures

September 4, 2019 - 1 min read

The Task Force on Consumer Compliance of the Federal Financial Institutions Examination Council (FFIEC)[1] recently developed interagency examination procedures relating to the creation of comprehensive consumer protections for prepaid accounts. These procedures reflect Consumer Financial Protection Bureau’s (CFPB’s) amendments to Regulations Z and E published in the Federal Register on November 22, 2016, April 25,…

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