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With the One Big Beautiful Bill Act (OBBBA) now in place, what's next? Bergin Fisniku, leader of our National Tax Practice, shares the latest status on additional OBBBA guidance from the IRS and a quick update on tariffs in our latest Tax Thursday in Three.
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The FFIEC has updated its IT examination guidelines, expanding the Development, Acquisition, and Maintenance (DA&M) booklet and retiring the Cybersecurity Assessment Tool (CAT) by August 31, 2025. Financial institutions must now enhance IT risk management and adopt alternative cybersecurity frameworks like NIST 2.0 and CISA Cybersecurity Performance Goals to stay compliant.
