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Financial services industry trade groups pen letter to Treasury Secretary Bessent on cybersecurity risks

By Orrick, Herrington & Sutcliffe LLP in Cybersecurity

On June 9, multiple financial services trade associations sent a letter to Treasury Secretary Scott Bessent expressing concerns about cybersecurity risk management practices at federal regulatory agencies following the OCC’s data breach…

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June 11, 2025 by Eric Rosenkoetter in Data Security

Oklahoma Amends its Security Breach Notification Act

Oklahoma Senate Bill 626, which amends Oklahoma’s Security Breach Notification Act, recently became law without the Governor’s signature. The legislation will go into effect Jan. 1, 2026. The amendments include expansion…

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June 10, 2025 by Stefanie H Jackman in CFPB

CFPB Signals Review of Mortgage Servicing and Larger Participant Rules

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) submitted several regulatory proposals to the Office of Management and Budget (OMB) for review. Among the rules under consideration are those related…

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June 9, 2025 by Missy Meggison in Collection Laws and Regulations

insideARM Weekly Recap – Week of June 2nd, 2025

News in the ARM industry never stops. It’s impossible to read every single thing, every single day, and it can be a challenge to determine what’s truly relevant. That’s where…

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June 9, 2025 in Company News

Ragan Named to Independent Standards Board

CHICAGO — Commercial Collection Agencies of America is proud to announce the appointment of Conrad Ragan to the Independent Standards Board effective immediately. Ragan was recently approved by his Standards…

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June 5, 2025 by Orrick, Herrington & Sutcliffe LLP in Data Security

Nevada enacts new customer information safeguarding standards for financial services companies

On May 26, the governor of Nevada enacted SB 44 to impose new duties on financial services providers in Nevada, aligning state requirements for safeguarding customer information with FTC standards in its…

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June 5, 2025 in Company News

Freede Pioneers a New Era of Consumer Engagement, Compliance, and Financial Coaching with Generative AI

AUSTIN, Texas — Bruce Cummings, Chief Executive Officer of Freede, a pioneering Software as a Service (SaaS) company, is proud to announce the launch of its groundbreaking Generative AI chat…

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