Financial Institutions

Reading Time: 6 minutes The FDIC recently underwent an examination performed by The Office of Inspector General (OIG). The objective of the audit was to determine whether the FDIC’s Information Technology Risk Examination (InTREx) program effectively assesses and addresses IT and cyber risks at financial institutions. The audit was performed from April 2021 to …

Read moreThe FDIC was Audited. What Does that Mean for Banks?

Reading Time: 4 minutes “What can we do?” Has been a common question we have received regarding the responsibility and liability related to Electronic Fund Transfers – Regulation E. Unfortunately, we do not always have a clear black and white answer. The interpretation of the regulation always leans more to what is in the …

Read moreRegulation E – Relief or Not?