Consumer Financial Protection Bureau Archives

Financial regulatory agencies are sunsetting a tool to assess cyber risks

An OCC official says the move reflects the evolving nature of threats and more robust guidance from NIST and CISA.

Sep 30, 2024 By Matt Bracken

The US Treasury Department building is seen in Washington, DC, January 19, 2023. (Photo by SAUL LOEB/AFP via Getty Images)

Treasury group unveils guidance for financial sector on cloud adoption

Regulators from Treasury, CFPB and OCC say the resources will especially help small banks that adopted cloud practices “before they were ready.”

Jul 17, 2024 By Matt Bracken

CFPB Director Rohit Chopra speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., on June 13, 2023. (Photo by Michael A. McCoy/Getty Images)

CFPB urged by consumer groups to take action on banks’ use of algorithms

Consumer Reports and the Consumer Federation of America ask the agency for “regulatory clarity” on how financial institutions use “discriminatory” tools to guide credit decisions.

Jul 2, 2024 By Matt Bracken

CFPB and Fortinet Federal share strategies for navigating cyber frontier

In the ever-evolving cybersecurity landscape, federal agencies are grappling with the challenges of modernization and bolstering their cyber defenses. Despite commendable strides across government, skills gaps and…

Dec 13, 2023 By Scoop News Group

A display shows a vehicle and person recognition system for law enforcement during the NVIDIA GPU Technology Conference in Washington, DC, November 1, 2017. (Image credit: SAUL LOEB/AFP via Getty Images).

AI ‘Bill of Rights’ must be accompanied by NIST risk management framework say experts

Bias and privacy risks associated with the technology can't be properly identified until NIST completes much-awaited impact assessments.

Oct 4, 2022 By Dave Nyczepir

File photograph dated May 6, 2010 shows traders on the floor of the New York Stock Exchange looking at stocks during the final minutes of trading during the Wall Street “flash crash”, which was prompted by one firm’s algorithm selling off 75,000 stocks in 20 minutes, according to a joint report by the Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC). TIMOTHY A. CLARY/AFP via Getty Images)

CFTC eyes natural language processing to standardize data, improve customer experience

Commodity Futures Trading Commission employees need standardized data to effectively oversee product markets.

Mar 16, 2022 By Dave Nyczepir

CFPB addresses the future of its authentication practices

The Consumer Financial Protection Bureau's CIO on how the agency seeks to eliminate the use of passwords altogether across all its systems.

Mar 10, 2022 By FedScoop Staff

White House launches US Digital Corps

The fellowship is designed to place early-career software engineers, data scientists and other technologists at federal agencies.

Aug 30, 2021 By Dave Nyczepir

NOAA missions reap the benefits of low-code development as product owners

While the technology isn't new, agencies' use of it is just beginning to take off.

Feb 6, 2020 By Dave Nyczepir

The Consumer Financial Protection Bureau. (Ted Eytan / Flickr)

Report: CFPB should assess risks to cloud systems before their deployment

The system went unnamed in the Federal Reserve OIG's evaluation, but it supports the bureau's Consumer Response Call Center.

Jul 23, 2019 By Dave Nyczepir