Warren Urges Fed, OCC, FDIC to Restore Bank Examiner Powers

Financial agency rule changes leave banks open to cyber threats, Elizabeth Warren warns

In a letter to Fed, FDIC and OCC leaders, the Massachusetts Democrat pushed for the rescission of policy updates that curb bank examiners’ enforcement powers.

Warren urges Fed, OCC, FDIC to restore bank examiner powers

Policies limiting when examiners can issue warnings and enforcement actions leave banks more vulnerable to escalations in AI and cybersecurity threats, the senator said.

OCC, FDIC part ways on forcing banks to fix cyber gaps

At FDIC-supervised banks, a cyber weakness examiners can't tie to the balance sheet may draw only an informal note under a rule taking effect Nov. 2.

Warren urges Fed, OCC, FDIC to restore bank examiner powers | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware - National Cyber Security Consulting

Sen. Elizabeth Warren, D-MA, asked three federal regulators Friday to rescind a pair of updated policies she argues curb bank examiners’ power to issue supervisory warnings and enforcement actions as artificial intelligence tools grow more sophisticated. Warren, the top Democrat on the Senate Banking Committee, took issue with a September update to the Federal Reserve’s […] Thank you for subscribing to our RSS feed!

Warren Challenges Bank Supervision Rules Over AI Cyber Threats

Sen. Elizabeth Warren wants the Fed, OCC and FDIC to reverse changes to bank supervision, warning of AI cyber risks; regulators say the standards sharpen oversight. Continue Reading Warren Urges Bank Regulators to Reverse Supervisory Changes, Citing AI Cyber Threats