Final HMDA Expansion Rule Issued

Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot of work to do on both sides of the aisle. Agriculture issues should see movement in new Congress.

The Federal Open Market Committee can take its time lowering rates given the strength of the U.S. economy, Federal Reserve Chairman Jerome Powell said.

FinCEN issued an alert with recommendations for financial institutions on how to detect deepfake identity frauds created using generative AI, with the agency saying it has seen an uptick in suspicious activity related to the technology.

The banking industry is strong but being “crushed” by overregulation, ABA Chair John Asbury told attendees at ABA’s Agricultural Bankers Conference.

ABA urged the FCC to join a “whole of government” approach to combatting fraud, including fraud perpetrated by criminals who use illegal calls and text messages.

Bankers are considering not only their own institutions’ use of AI but that of their technology partners and vendors as well.