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(L-R) Chairman of National Credit Union Administration (NCUA) Todd Harper, Chairman of Federal Deposit Insurance Corporation (FDIC) Jelena McWilliams and Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021. (Photo by Alex Wong/Getty Images)

Banks must report major cyber incidents within 36 hours under finalized regulation

Industry won some concessions in the final version of the rule, which banks must comply with by May.
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