CFPB urges payment app providers to fight servicemember fraud
Payment app providers could take several steps to better protect servicemembers and their families from fraud, including new investments in...
Technology
BIS calls for ‘unified ledger’ for CBDCs
The Bank for International Settlements released a special chapter of its upcoming Annual Economic Report 2023 that lays out a...
ABA urges CFPB to exclude banks from ‘data broker’ definition
Any CFPB activity on data brokers should target unregulated entities and not upset the existing regulatory framework for financial institutions,...
ABA seeks industry-focused approach to AI policy
As regulators develop policy for artificial intelligence, they should adopt an industry-focused approach in order to minimize the effects to...
A different approach to bank-fintech partnerships
Banks, third-party providers of all sizes and, most importantly, customers could benefit from a new oversight establishment for the rapidly...
Five AI trends transforming financial services
Lessons from the AI in Finance Summit
Banks view digitalizing credit-risk function as urgent but face people challenges
Customer experience focuses are heading beyond call centers, chatbots and mobile banking to include prioritizing credit-risk infrastructures.
ABA: Proposed cryptoasset reporting standards mostly positive
ABA said it was generally pleased with a proposal by the Financial Accounting Standards Board to revise accounting standards to...
CFPB warns AI chatbots in banking must comply with law
The CFPB warned financial institutions that they are legally obligated to “competently interact with customers” about financial products or services...
Survey: Public either unaware or skeptical of central bank digital currency
Most Americans have not formed an opinion on whether the Federal Reserve should offer a central bank digital currency, but...
