Recent Financial Services Industry Updates

Our ongoing updates offer insights into issues affecting the financial services sector, with an emphasis on evolving approaches under the Biden Administration. In this session, members of our Financial Services group discuss recent Federal and New York State trends and other developments.

Topics

• Recent New York DFS Developments
• Industry Guidance on Cybersecurity: Ransomware Prevention and Ongoing Cyber Crime
• Call for Disclosure of Climate-Related Financial Risks by Publicly Traded Companies
• New DFS Statewide Office of Financial Inclusion and Empowerment

• Recently Proposed Interagency Guidance on Third-Party Relationships
• FinCEN's First Anti-Money Laundering/Countering the Financing of Terrorism National Priorities
• HUD's Restatement of its Discriminatory Effects Standard
• OCC True Lender Rule Update
• Interagency Statement on Community Reinvestment Act Joint Agency Action; OCC's Proposed Rescission of its 2020 CRA Rule