Mastering Risk in 2018 and Beyond

Republicans on the House Financial Services Committee published a report calling for a coordinated national strategy to combat financial fraud and scams, saying that scams begin long before a customer contacts their bank and require stronger collaboration across...

The FCC voted 3-0 to issue a proposal to strengthen the Robocall Mitigation Database. ABA expressed support for the proposal in a letter sent in advance of the vote.

The Financial Stability Board’s draft list of 12 recommendations to guide the adoption of artificial intelligence by financial institutions is useful, but the document could use some further tweaks to make the recommendations even more effective, ABA said.

In addition, ABA said that while it applauded recent steps taken by the Treasury Department and FinCEN to modernize the U.S. illicit finance regime, more work is needed.

ABA that it supports a Securities and Exchange Commission proposal to expand reporting accommodations for smaller public companies.

Institutions that choose to lead will shape the architecture of the next payments era. Those that partner will need to move with precision and speed.